According to CoinMeta, as lit broke through $5.3 to set a new high, the largest short position on lit held by hyperliquid, which was a 3x leveraged short position of 2.528 million lit, incurred a floating loss of $10.118 million. This holder also holds short positions in AVAX, ETH, SOL, and HYPE, with the overall position valued at approximately $14.634 million, resulting in a negative return on investment of -139.6%.