Came back after a month of inactivity to short $HYPE is already seeing the trade move in his favor.

Wallet 0x519c is currently holding a 10x short on 375,033 HYPE worth around $16.06M, with an average entry price near $43.298. As HYPE slipped lower to around $42.834, the position moved into roughly $174K in unrealized profit. What’s interesting here is how comfortably the trade is positioned .. the whale is using about $1.61M in margin, which pushes the liquidation price all the way up to $65.606. That’s an unusually large safety buffer for a leveraged position this size, suggesting this may be more of a conviction trade than a quick scalp.
So far, the whale doesn’t seem to be taking profits yet, and with HYPE still under pressure, the market will probably be watching to see whether he keeps adding to the short.
Address: 0x519c721De735f7c9E6146d167852E60d60496a47