The Drift hack may have led to an increase in Jupiter's trading volume
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On April 3, following the news of the Drift hack spreading, some funds may have exited via Jupiter, causing a temporary surge in trading volume that pushed JUP up by 3.1%, breaking above $0.16 at its peak. During this period, whale address 0x8b0… on Hyperliquid closed a $1.22 million short position, incurring a loss of about $33,700, with the closing average price at $0.1625.
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