2025-12-30 18:24:03

A major trader just offloaded $3M worth of $HYPE into the market while simultaneously going long on $3M of $LIT. Interesting move. The plot thickens when you check the numbers—their all-time PNL on Hyperliquid sits at a painful -$10M. So what's the real play here? Are they trying to hedge losses or seeing something in the LIT market? Either way, this kind of portfolio rotation deserves attention.

LIT-6,88%

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APY_Chaser

· 19h ago

Bro, this surgery hurts, and you're still messing around with -10M here.

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SelfStaking

· 19h ago

Bro, this move is really outrageous. Cutting 10 million and still holding? I think... maybe trying to gamble on LIT taking off to turn things around?

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TokenSherpa

· 19h ago

actually, let me break this down for you—if you examine the data here, the -$10M PNL screams capitulation trade more than anything. historically speaking, we've seen this pattern before during governance shifts. fundamentally, this rotation suggests voting power dynamics are at play, not just simple hedging.

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CrossChainMessenger

· 19h ago

Well, this guy is still throwing money around with -10M, I just don't get it.

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Layer3Dreamer

· 19h ago

theoretically speaking, if we model this as a cross-rollup arbitrage vector... that -$10M PNL screams desperation hedge to me, ngl. either they're trying to balance recursive losses or actually spotted something in LIT's interoperability potential. the mathematics checks out for a state verification play but idk, feels like watching someone patch a broken bridge with duct tape

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