Nansen workshop reveals $12M in 7 days from HyperliquidX token shorts

In a recent workshop with Superteam, Hurcaneth analyzed the HyperliquidX PnL leaderboard and discovered a wallet conducting high-risk trading with 20x shorts on Bitcoin (BTC), Ethereum (ETH), and Zcash (ZEC), which yielded $12 million in seven days and a total of $16.6 million over 30 days. This analysis demonstrates the potential of the Nansen API, which can pull Hyperliquid perpetual data to assess leverage and trader behavior, highlighting the practical applications of on-chain analytics showcased during Nansen’s workshop series.

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