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

2025.12.23 12:13:31

**December 23 Update** Data from Coinbob Popular Address Monitor shows the address linked to the "former Hyperliquid employee" (0x7ae) has fully closed its HYPE short position for a minor loss in the past hour. The position was previously held at an average price of ~$24.17, with a size of roughly $24,000. Additionally, the address has steadily cut its HYPE spot holdings since the start of this month—dropping from $5.85 million to $2.43 million, a total reduction of over 70,000 tokens. Current holdings stand at ~98,200 tokens, resulting in a monthly loss of $1.53 million. The address first drew attention for shorting HYPE and its ties to the Hyperliquid team. Per today’s Hyperliquid announcement, the address belongs to a former employee terminated in Q1 2024, who has since fully disassociated from Hyperliquid Labs. Their actions do not reflect the team’s standards or values.

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