A certain whale sells 50,000 HYPE tokens while simultaneously shorting 223,400 HYPE tokens with 10x leverage.

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BlockBeats News, May 20th, according to lookonchain monitoring, the whale address 0xde42 sold 50,000 HYPE in the past 10 hours (approximately $2.41 million) and opened a 10x leveraged short position, totaling 223,404 HYPE (approximately $10.55 million).

Sumber: BlockBeats

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Analysis: a16z may have become the sixth-largest entity in HYPE's holdings, with a single-coin unrealized gain of nearly $80 million

The three major US stock indexes closed lower, with HYPE Finance's PURR stock price surging over 12%.

HYPE Whale Turns Loss into Gain, Holds Position for Over Six Months, Now Realizing Nearly $13 Million Profit

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