A significant whale transaction has been reported by on-chain analytics platform Lookonchain. The whale address 0xde42 sold 50,000 HYPE tokens, valued at approximately $2.41 million, within a 10-hour period. Following this sale, the whale opened a substantial short position of 223,404 HYPE, worth around $10.55 million, utilizing 10x leverage. This move indicates a bearish outlook on the HYPE token by the whale.
Whale Sells 50,000 HYPE and Opens Large Short Position
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