A significant holder of HYPE tokens is facing an unrealized loss of $1.99 million after shorting 375,000 HYPE tokens. The price of HYPE has surged past $48, impacting the position that was initiated on May 15. The current position size is valued at $18.2 million, with an average entry price of $43.298, marking it as the sixth-largest short position in HYPE.
Large Holder Faces $1.99M Loss on HYPE Short Position
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