Woofun AI reports that Hyperliquid's Silver (SILVER) contract trades at $56.78, reflecting a 24-hour decline of 6.34% and $263 million in volume. Smart money address 0x49e has accumulated $2.16 million in profits (+81%) from a $5.77 million short position initiated at $78.79 on April 29th with 3x leverage.

On-chain data indicates bearish whale sentiment, with short nominal size reaching 1.5 times that of longs. The average short entry price stands at $65.05, while long positions remain underwater with an average entry of $59.75. Short liquidation pressure is minimal, with the nearest line at $77.18, approximately 36% above current levels.