According to CoinMeta, a large trader placed a limit order of $26.6 million on the order book of the PLTR contract on HyperLiquid, which accounts for about 78% of the outstanding contracts (OI) for that asset. Currently, the PLTR contract is trading at $172.32, representing a 39.3% rebound from the recent seven-day low of $123.74. This trader's existing position has reached 39% of the total OI on the platform, and they have gone short on 78,300 PLTR contracts with a leverage of 10 times, resulting in a position value of approximately $13.5 million. They are currently at a floating loss of about $224,000, with a liquidation price of $187.08. This account is also the largest order placer for PLTR, having set up three layers of orders around their existing short position, totaling $26.6 million.