Odaily Planet Daily reports, according to Lookonchain monitoring, prior to the price increase of HYPE, a short seller has been closing their position while selling HYPE, unlocking 443,180 HYPE ($27 million), of which 231,899 HYPE ($14.15 million) have already been sold, and the remaining 211,281 HYPE ($13 million) are still being sold. The trader still holds a short position of 141,500 HYPE ($8.67 million), with an unrealized loss exceeding $2.5 million.
Whale unstakes 443,180 HYPE and sells 231,899 tokens
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Summary
Whale activity has drawn attention as a major holder unstaked 443,180 HYPE (worth $27 million) and sold 231,899 HYPE (worth $14.15 million), with 211,281 HYPE (worth $13 million) still pending sale. The whale maintains 141,500 HYPE (worth $8.67 million) in short positions, facing a floating loss exceeding $2.5 million. Traders are now monitoring key support and resistance levels as market reactions unfold.
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