Trader Adds $8.63 Million to GOOGL Short Position on Hyperliquid

The address 0xfe7c…b7ae added $8.63 million to a short position in GOOGL on Hyperliquid on Oct. 29, amid the stock’s record 13.7% one-day drop. The trader opened the position after U.S. market hours at $296.57 with $2.05 million. An earlier increase was $680,000, making the $8.63 million increase the trader’s third addition. At a displayed price of $293.23, the position showed $190,000 in unrealized profit, up from $34,000 earlier. The displayed quote was $3.34 below the opening price. A short position generally gains value when the price it tracks falls and loses value when it rises.