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Blades Out on $LIT , Someone Just Drew First Blood
The tug-of-war on LIT just got real. One wallet, 0x540…3F802, stepped into the arena and said, nah, I’m fading this, and suddenly it’s the biggest short sitting on Hyperliquid 🤺
Over the last couple of hours, this address quietly fed in about $4.35M in USDC as margin, then built a short that’s hard to ignore. We’re talking 1.11 million #Lıt , no crazy leverage, just straight 1x conviction. The average entry landed around $2.748, with liquidation way up near $4.83, so there’s room to breathe… for now.
Price hasn’t exactly cooperated yet though. Currently a slight floating loss going on, roughly $9K in the red.
This trade feels deliberate, patient, almost calm. Longs on one side, this monster short on the other. The stage is set -- now we wait to see who flinches first.
Address to watch: 0x5405450caE1B86581f017d1c35AD954D8703F802