The 'former Hyperliquid employee' has completely closed the HYPE short positions, and currently, the account only has $2.43 million in spot holdings.

BlockBeats reports, on December 23, according to Coinbob's popular address monitoring, in the past hour, the 'former Hyperliquid employee' related address (0x7ae) has completely closed HYPE short positions, with a slight loss, previously averaging about $24.17, with a position size of about $24,000. In addition, this address has continuously reduced its HYPE spot holdings since this month, with the position size decreasing from $5.85 million to $2.43 million, cumulatively reducing over 70,000 pieces, and the current HYPE holdings are about 98,200 pieces, with a monthly loss of $1.53 million.

This address initially attracted attention for shorting HYPE and was marked as related to the Hyperliquid team. According to a statement from the Hyperliquid team today, this address belongs to a former employee who was dismissed in the first quarter of 2024 and is now completely disengaged from Hyperliquid Labs. Their actions do not represent the team's standards or values.