As reported by TechFlow, on December 22, HyperLiquid team members issued a clarification on Discord regarding a HyperLiquid team address found shorting HYPE. The team stated that the address belongs to a former employee who was terminated in the first quarter of 2024 and is no longer associated with HyperLiquid Labs. The individual's actions do not represent the team's standards or values.
HyperLiquid Clarifies Address Shorting HYPE Belongs to Former Employee
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Summary
HyperLiquid addressed on-chain trading signals showing a team address shorting HYPE, confirming the wallet belongs to a former employee. The individual was let go in Q1 2024 and no longer works at HyperLiquid Labs. The team emphasized the activity does not reflect company values. Traders are advised to assess risk-to-reward ratio when evaluating such signals.
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