According to ME News, on May 25 (UTC+8), Lookonchain monitoring shows that a whale who shorted HYPE before its price surge is now closing out the short position and selling HYPE. The whale has unlocked 443,180 HYPE (approximately $27 million), of which 231,899 HYPE (approximately $14.15 million) have already been sold, leaving 211,281 HYPE (approximately $13 million) still unsold. However, the whale still holds a short position of 141,500 HYPE (approximately $8.67 million), with unrealized losses exceeding $2.5 million. (Source: BlockBeats)
Whale Closes Short Position and Sells HYPE Tokens Amid Price Surge
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Summary
Whale activity in the HYPE market intensified on May 25 (UTC+8) as a major whale closed its short position and sold tokens. According to Lookonchain, the whale unstaked 443,180 HYPE (approximately $27 million), having already sold 231,899 HYPE and retaining 211,281 HYPE. Whale movements indicate that 141,500 HYPE are still held in short positions, with over $2.5 million in unrealized losses.
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