A whale HYPE shorted position with a floating return of over 500%, and took multiple opportunities during the holding period to go long in reverse, earning gains from price swings.

BlockBeats News, December 24th, according to Coinbob Popular Address Monitor, the HYPE short position of the whale with address starting with 0xd16 has realized significant gains. Since November, this address has been opening short positions around $39 and continuously adding to its position. Currently, the position size is approximately $6.43 million, with an average cost of $35.7, unrealized gains reaching $3.28 million, a return rate of up to 509%, and the current liquidation price is $32.78.

In addition, during the holding period, the whale has used about 10% of its funds several times to establish short-term long positions to capture market rebound opportunities, engage in risk hedging, and enhance returns. This strategy has been quite effective, doubling its total account assets.