A certain whale has a sell order plan to short 8.29 million TON, with a projected opening position of $17.79 million

BlockBeats News, June 3rd, according to Hyperinsight Monitoring, an address on Hyperliquid placed a large TON sell order today, planning to short on rallies in the $2.071–$2.22 range, with a planned initial scale of $17.79 million. If the entire order is filled to establish a position, this address will become the largest TON short on the platform.

TON is currently trading at $1.995 on the Hyperliquid contract, having briefly surged 17.5% on June 1st, reaching a high of $2.28. In recent days, it has retraced about 12% from its peak.

Address: 0x4e23288cee4960f9f962195c22948e4bc7ae20c3