Trader Gains 27% Profit Shorting MEGA on Hyperliquid

A trader known as “Zhuankong Xinbi” has achieved a 27% profit by shorting MegaETH (MEGA) on Hyperliquid. The trader initially opened a 1x short position at an average price of $0.214 shortly after MEGA’s pre-market contract listing. As profits increased, the leverage was raised to 2x, with the position size reaching approximately $30,000 and a liquidation price of $0.367.

This trader is known for strategically shorting new token contracts with low leverage at launch, having previously profited from early short positions in projects like PUMP, MON, and LIT.