Huo Xing Finance reports that, on May 20, according to LookonChain monitoring, the whale address 0xde42 sold 50,000 HYPE tokens (approximately $2.41 million) over the past 10 hours and opened a 10x leveraged short position of 223,404 HYPE tokens (approximately $10.55 million).
Whale sells 50,000 HYPE and opens a 10x short position of 223,404 HYPE
MarsBitShare
Summary
The whale address 0xde42 executed a position trade on May 20, selling 50,000 HYPE ($2.41 million) over 10 hours and opening a 10x short position of 223,404 HYPE ($10.55 million). The trade indicates deliberate position sizing and risk management. Lookonchain monitored the activity, revealing significant bearish sentiment.
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