ChainCatcher report, according to Lookonchain monitoring, before the HYPE price increase, a short seller was closing their position while selling HYPE. They have unlocked 443,180 HYPE ($27 million), sold 231,899 HYPE ($14.15 million), and are still selling the remaining 211,281 HYPE ($13 million). They still hold 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 units worth $14.15M
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Summary
Whale trading activity has intensified as a major holder unstaked 443,180 HYPE (worth $27M) and sold 231,899 HYPE (worth $14.15M), with 211,281 HYPE (worth $13M) still pending sale. The whale retains 141,500 HYPE (worth $8.67M) in short positions, facing a floating loss exceeding $2.5M. This move could test key support and resistance levels in the coming days.
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