ZHIPU on Hyperliquid rebounded to $149.52 today, rising 31.1% from the low to the high, and was trading at $146.71 at the time of writing. According to Odaily, a position opened this morning shorted ZHIPU against the rebound, starting from $127.5 and adding to the short up to $143.2.
The address now holds a 5x isolated ZHIPU short worth about $198,700, with a liquidation price of about $163.83. Its unrealized loss is about $14,100, and the return is down about 38.1%.
Odaily said ZHIPU had completed a placement of 19.78 million new H-shares on July 13. After Moonshot AI released the open-source Kimi K3 model with 28 trillion parameters on July 17, ZHIPU fell about 50% from the placement level before recovering part of the decline today.
Beyond the largest losing position, seven new ZHIPU positions larger than $50,000 were opened during the past two to three hours of the rebound, all shorts, with combined holdings of about $953,200 and combined unrealized losses of about $70,800. Among long positions above $100,000, one has an average cost of about $149.66, only about 2% above the current price, while the largest long near $159.41 remains under pressure.
Hyperliquid ZHIPU Rebounds 31.1% as Short Positions Face Losses
2026-07-21 06:04:06
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