In a recent trading maneuver, the trader known as "20M Bandwidth Hunter" (0x880a) has secured a floating profit of $14.72 million through a strategic short-squeeze on HYPE. Over the past hour, 0x880a has been actively purchasing HYPE spot while simultaneously shorting the asset for hedging purposes. This trader is recognized for an aggressive approach, utilizing high leverage for short-term gains, and has amassed a total profit of $114 million to date.