A certain Hashnote-related address has been heavily shorting the stock and has now become one of HyperLiquid's most profitable addresses.

PANews reported on February 21 that, according to Eye, the analyst who previously uncovered the "1011 insider whale," an article published on the X platform shows that on-chain data shows that an address associated with Hashnote has become one of HyperLiquid's most profitable addresses by aggressively shorting. This address currently uses approximately $5.9 million in margin, has a total open position of approximately $11.3 million, and has unrealized profits of $12.4 million. It holds 13 open positions, all of which are short positions, indicating a clear bearish strategy in the current market environment.