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Trader 0xde42 is turning aggressively bearish on $HYPE .
Over the past 10 hours, the wallet sold 50,000 HYPE worth roughly $2.41M while simultaneously opening a massive 10x short position on 223,404 HYPE, currently valued around $10.55M.
The combination of spot selling plus a leveraged short usually signals pretty strong conviction that more downside could be coming, especially after HYPE’s recent volatility and crowded long positioning.
With several large whales already battling on both sides of the HYPE trade, this adds even more fuel to what’s becoming one of the most watched markets right now.
Address: 0xde4247f0db1e4c32842049a1904Bc733779F952B