A Whale Who Shorted Before the HYPE Surge Acknowledges Losses, Reduces Position, and Sells Spot Asset

BlockBeats News, May 25th, according to LookIntoChain monitoring, a whale who shorted before the HYPE price skyrocketed is now closing their short positions and selling HYPE.

They have already unstaked 443,180 HYPE tokens (approximately $27 million), of which 231,899 HYPE tokens (approximately $14.15 million) have been sold, and the remaining 211,281 HYPE tokens (approximately $13 million) have not been sold yet.

However, they still hold a short position of 141,500 HYPE tokens (approximately $8.67 million), with unrealized losses exceeding $2.5 million.