Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
The Drift hack may have led to an increase in Jupiter's trading volume

The Drift hack may have led to an increase in Jupiter's trading volume

AIcoinAIcoin2026/04/03 06:15
Show original
On April 3, following the news of the Drift hack spreading, some funds may have exited via Jupiter, causing a temporary surge in trading volume that pushed JUP up by 3.1%, breaking above $0.16 at its peak. During this period, whale address 0x8b0… on Hyperliquid closed a $1.22 million short position, incurring a loss of about $33,700, with the closing average price at $0.1625.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!