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HYPE just pushed through $48, and the whale fighting the trend is getting squeezed even harder. 😵💫
Since May 15, wallet 0x519c has been holding a massive short position on 375,000 $HYPE , betting that the rally would cool off. Instead, HYPE kept climbing.
The position is now sitting on an unrealized loss of roughly $1.94M, with the remaining short still worth around $18.19M. The whale’s average entry sits near $43.298, making this one of the most underwater large HYPE shorts on the board right now.
What’s wild is that despite the pain, the position is still open , currently ranking as the sixth-largest short in HYPE.
Address: 0x519c721De735f7c9E6146d167852E60d60496a47