On April 3, amid escalating news of the Drift hack, some funds may have exited via Jupiter, causing a short-term spike in trading volume that pushed JUP up 3.1%, with its high surpassing $0.16. During this period, a whale address 0x8b0… on Hyperliquid closed a $1.22 million short position, incurring a loss of approximately $33,700 at an average closing price of $0.1625.
Drift Hack May Boost Jupiter Volume, JUP Rises 3.1%
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Summary
A surge in Jupiter’s trading volume followed the Drift hack on April 3, pushing JUP up 3.1% to $0.16. The increased volume coincided with a Hyperliquid whale closing a $1.22 million short position, incurring a $33,700 loss at $0.1625.
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