The price of HYPE token has surged past $48, causing significant losses for a major short seller. Since May 15, the trader has shorted 375,000 HYPE tokens, resulting in an unrealized loss of $1.989 million. The current position size stands at $18.19 million, making it the sixth largest short position in HYPE, with an average entry price of $43.298.
HYPE Token Surges Past $48, Short Seller Faces $1.989 Million Loss
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