The Monad ($MON) token has recorded a daily increase of approximately 40%, drawing significant attention from market participants. Observers note that despite the upward momentum, liquidations are occurring intermittently, with real-time data indicating these are not isolated events but part of broader volatility. A specific catalyst for this squeeze appears to be a prominent short position on Hyperliquid, which is reportedly facing significant unrealized losses estimated around $1.8 million. The trader likely positioned for a "sell the news" event following the mainnet launch. However, Monad network activity has remained robust, recording 3.7 million daily transactions and over 150k active addresses on day one, countering bearish narratives. Prominent market commentators have noted that the liquidation price for this specific large position is around $0.173. If reached, this could trigger forced buying, potentially driving the price even higher. [Update 1] Added details regarding a specific $1.8M underwater short position on Hyperliquid and network activity metrics (3.7M daily txs) supporting the bullish momentum.