The "former Hyperliquid employee" has fully closed the HYPE short position, with only $2.43 million in spot holdings remaining in the account.

BlockBeats News, December 23, according to Coinbob Hot Address Monitoring, in the past hour, the address related to "former Hyperliquid employee" (0x7ae) has completely closed its HYPE short position, incurring a small loss. The previous average price was about $24.17, with a position size of approximately $24,000. In addition, since the beginning of this month, this address has been continuously reducing its HYPE spot holdings, with the position size dropping from $5.85 million to $2.43 million, cumulatively reducing more than 70,000 tokens. The current HYPE holding is about 98,200 tokens, with a monthly loss of $1.53 million.

This address initially attracted attention because it was shorting HYPE and was tagged as being related to the Hyperliquid team. According to a statement released today by the Hyperliquid team, this address belongs to a former employee who was dismissed in the first quarter of 2024 and is now completely separated from Hyperliquid Labs. Their actions do not represent the standards or values of the team.