HYPE dares to go ten times leverage short on this position, either insider information or a lunatic, I bet on the former.

HYPE8.64%
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BlockBeatNews
A certain whale shorted $11.16 million worth of HYPE by 10x leverage, while simultaneously selling over 64k units of spot holdings.
BlockBeats News, May 20th, according to OnchainLens monitoring, in the past two hours, a whale opened a short position of 218,406 HYPE tokens with 10x leverage, worth $11.16 million, with an average transaction price of $49.76.

This whale also sold 64,401 HYPE tokens in exchange for 3.08 million USDC.
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GoldenTunnel
· 05-20 15:41
Will it fall back down?
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