Hyperliquid BABA Contract Volume Hits $12M on May 14; Trader Up 24.5% on Leveraged Long

HYPE-0.62%
BABA1.36%
ON-0.30%
MAY0.60%
According to Hyperinsight monitoring, Hyperliquid's BABA contract (Alibaba) surged 11% overnight on May 14 and subsequently pulled back 4%, currently trading at $140. The contract recorded 24-hour trading volume exceeding $12 million for the first time recently. One trader established a 10x leveraged long position of 2,000 BABA contracts at an average price of $137 with a portfolio size of approximately $280,000 over the past two days, currently posting an unrealized gain of 24.5%.
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