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"Shorts before the HYPE surge" giant whale admits loss, reduces position, and sells spot holdings
BlockBeats News, May 25th, according to Lookonchain monitoring, a whale that shorted before the HYPE price surged is now closing its short positions and selling HYPE.
It has unlocked 443,180 HYPE tokens (about $27 million), of which 231,899 HYPE tokens (about $14.15 million) have already been sold, and 211,281 HYPE tokens (about $13 million) remain unsold.
However, it still holds a short position of 141,500 HYPE tokens (about $8.67 million), with unrealized losses exceeding $2.5 million.