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Major HYPE Whale Takes Short Position After Significant Profit
Gate News bot message, an early HYPE investor who accumulated over $50M in profits has established a 3x leveraged short position on 303,901 HYPE tokens, valued at $16M.
According to on-chain data, this whale initially acquired 1.26M HYPE at an average price of $7.52, investing $9.51M, plus 22,270 HYPE from genesis allocation. The investor had previously liquidated 385,513 HYPE at an average price of $41.9, generating $16.15M in returns, while maintaining a position of 900,663 HYPE worth $50.5M.