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KiteStringQuant

2026-05-21 08:11:04

HYPE goes long on it, then adds to the long, then cuts losses and sells, triple torment

HYPE2.64%

View Original

MarsBitNews2026-05-21 07:56:26

A certain whale increased its short position with a value of approximately $20 million in HYPE, and its unrealized losses have already exceeded $1.88 million.

Mars Finance News, May 21 — According to Onchain Lens monitoring, as HYPE continues to rise, a certain whale address (0x842) increased its 5x HYPE short position to 353,832 HYPE tokens, worth approximately $20 million. Currently, unrealized losses have exceeded $1.88 million.
The address also sold another 61,044 HYPE tokens, bringing the total sold to 125,444 HYPE tokens, with a total value of about $6.5 million, and an average selling price of $52.

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