HYPE's future 24-hour TWAP net buy order reaches $11.5 million, with the largest order coming from a short-squeeze whale buying into spot lockups

BlockBeats News, June 12th, according to Hyperinsight monitoring, due to the HYPE intraday rebound, the 24-hour TWAP (Time-Weighted Average Price) spot net buy volume on Hyperliquid reached $11.5 million. In addition to suspected a16z-affiliated wallets continuously accumulating through 10 addresses, another whale is planning to buy 83,000 HYPE tokens, becoming the largest single TWAP buy order during this period.

It is reported that this whale previously held a short position of about $2.4 million on Hyperliquid. Due to the HYPE rebound, the unrealized loss expanded to $660,000 (-152%), exceeding the initial margin. To hedge the risk, the address plans to buy spot while adding to the short position to lower the average cost, with the total short position expected to increase to $7.33 million.

Address: 0xc6877a65349b0fa45cc61a267ee682c7abf2b369

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