Hyperliquid PURR Surges 18% as Whale's Short Position Faces $570K Floating Loss Today

HYPE-4.94%
PURR-7.87%
According to BlockBeats and Hyperinsight data, Hyperliquid's PURR Meme token rallied 18% today (May 22) to $0.1307, driven by HYPE reaching a new all-time high. However, a major whale shorting PURR saw its floating loss expand to $570,000, with cumulative weekly drawdown exceeding $1 million. The whale currently maintains a 3x leveraged short position of 12.695 million PURR worth approximately $1.66 million, with entry price at $0.0854 and liquidation price at $0.3055.
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