WLFI Advisor Takes 10x Leveraged Short Position on TRUMP with 1 Million USDC on Hyperliquid

According to LookIntoChain analytics reported by COINOTAG News on June 6th, a notable transaction was executed involving the WLFI advisor known as @cryptogle. The advisor injected 1 million USDC into the Hyperliquid platform, subsequently initiating a 10x leveraged short position on the TRUMP token. This strategic move highlights the growing utilization of leverage in crypto derivatives trading. The position’s liquidation price was set at $12.49, underscoring the critical risk management parameters employed in this trade. Such activity reflects the increasing sophistication of market participants leveraging on-chain data for informed decision-making within the decentralized finance ecosystem.