Add as a preferred source on GoogleIntel Falls More Than 25% as Hyperliquid Short Reaches $7.81 Million
The trader added about $1.93 million to the position, which used 10x leverage and showed roughly $1.68 million in unrealized profit.
Intel (INTC) shares fell more than 25% in U.S. premarket trading Friday as a leveraged trader expanded a Hyperliquid short position in the stock to about $7.81 million.
The position was Hyperliquid’s second-largest INTC short. The trader added roughly $1.93 million, and the position showed about $1.68 million in unrealized profit. Its liquidation price was $84.33.
The trader opened the short Sept. 4 at $93.08 and increased it several times afterward. The position used 10x leverage.
Intel’s decline came during a broader Friday premarket slide in U.S. chip and crypto-linked stocks.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.