「Former Hyperliquid Employee」 has fully closed their HYPE short position and now holds only $2.43 million in spot positions in their account.

BlockBeats News, December 23rd, according to Coinbob Popular Address Monitor data, in the past 1 hour, the address related to the "Hyperliquid former employee" (0x7ae) has completely closed the HYPE short position with a small loss. The average price before was about $24.17, with a position size of about $24,000. In addition, the address has been continuously reducing its HYPE spot holdings since this month, decreasing its position from $5.85 million to $2.43 million, with a total reduction of over 70,000 tokens. The current HYPE holding is about 98,200 tokens, with a monthly loss of $1.53 million.

This address originally drew attention for shorting HYPE and being associated with the Hyperliquid team. According to today's announcement from the Hyperliquid team, the address belongs to a former employee who was dismissed in the first quarter of 2024 and has since completely disassociated from Hyperliquid Labs. Their actions do not represent the team's standards or values.