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HYPE plunges; a whale has already tried to buy under $40, totaling $20 million in buy orders.
BlockBeats message. On July 17, according to Hyperinsight monitoring, as of the time of publication, HYPE has dipped to $58.781, down 10% from its intraday high, and is now trading at $59.2, down 11.2% from the previous day.
A large whale (0x4e2) created 60 HYPE limit buy orders in the early hours today, with a price range of $20 to $40. The whale plans to buy 66.67万 HYPE tokens, with a notional value of about $20 million. The weighted average price is $30, and the highest buy price is still 32.5% below the current price.
The whale’s account holds up to $40.2 million in funds. It currently only holds 4,218 HYPE short positions, worth about $250k. If the buy orders are filled, the whale will close the existing short positions and then switch to holding about 66.24万 HYPE long positions.