Woofun AI data shows that a major trader funded a Hyperliquid account with approximately $500,000 to establish a short position of 6,914 ETH. The trade utilizes 25x leverage, resulting in a total notional value of $12.43 million.

The position was initiated at an entry price of $1,790.36, with a liquidation threshold set at $1,825.58. Current market conditions have generated a floating loss of roughly $50,700, placing the position just 1.55% away from forced liquidation.