Whale Cuts Short as Another Loses $10M Shorting XRP and Sui

I noticed a Hyperliquid whale materially reduced a large short position, while another whale incurred significant losses—exceeding $10 million—after shorting XRP and Sui. This shift in whale behavior caught my attention because it signals changing sentiment among major holders and highlights the volatility around leveraged short positions in the crypto market.

Seeing a prominent account trim shorts while another suffers heavy losses from shorting XRP and Sui reinforces my view that market pressure can rapidly swing, especially when leverage and concentrated positions are involved. I’m watching on-chain activity and order book dynamics closely to gauge whether this marks the start of a broader trend or a temporary repricing event.