Odaily Planet Daily reports, according to Lookonchain monitoring, over the past 10 hours, a large whale sold 50,000 HYPE tokens worth $2.41 million and opened a 10x leveraged short position of 223,404 HYPE tokens worth $10.55 million.
Whale sells 50,000 HYPE tokens and opens a $10.55M 10x short position
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Summary
A whale executed a $2.41 million sell of 50,000 HYPE tokens and opened a 10x short position of 223,404 HYPE tokens, valued at $10.55 million, in the last 10 hours. The trade demonstrates a strategic approach to position trading, with careful attention to position sizing. This move occurred as HYPE faced downward pressure, with the short position leveraged at maximum exposure.
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