ME News reports that on June 9 (UTC+8), according to Onchain Lens monitoring, the whale address “0x97f” has closed its previous long position in HYPE, incurring a loss of approximately $3.22 million. Subsequently, the address sold 165,391 HYPE tokens on the spot market, realizing a profit of about $1.978 million. After adjusting its HYPE position, the whale further bet on a market decline by opening a 15,000-unit short position in SP500 with 50x leverage, representing a notional value of approximately $111.38 million, with a liquidation price of $8,295.66. The whale’s large-scale, highly leveraged short position is currently drawing significant market attention. (Source: ODAILY)
Whale closes HYPE long position with a $3.22M loss and opens an $111M S&P 500 short position with 50x leverage
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Summary
On June 9 (UTC+8), the whale address '0x97f' closed its HYPE long position, incurring a $3.22 million loss, according to Onchain Lens. The whale then sold 165,391 HYPE tokens for a $1.978 million profit. After adjusting its position, the whale opened a 50x leveraged short on 15,000 SP500 contracts, valued at $111.38 million, with a liquidation price set at $8,295.66. The whale’s aggressive position sizing has attracted attention from traders. (Source: ODAILY)
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