Two whale investors deployed 3x leverage to short approximately $3.5 million worth of LIT on the HyperLiquid platform. On-chain activity as of December 30 indicates that the positions were opened on HyperLiquid’s LIT market.

Whale address 0x47e deposited around $2 million in USDC and opened a 3x leveraged short on LIT. Another whale address, 0xd6b, deposited about $1.5 million in USDC and likewise opened a 3x leveraged short on LIT.

The activity highlights substantial use of leveraged positions in DeFi, as large holders apply directional bets on LIT through HyperLiquid. These openings reflect how on-chain tracking captures substantial wallet activity in a rapidly evolving market segment.

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