Trader Closing Short Position and Liquidating 443,180 HYPE, Facing Over $2.5M Unrealized Loss

GateNews
HYPE3.54%
According to on-chain analytics platform Lookonchain, a trader who opened a short position in HYPE before the token's price surge is currently closing out and liquidating holdings. The address has unstaked 443,180 HYPE tokens worth approximately $27 million, of which 231,899 HYPE (worth $14.15 million) have already been sold. The remaining 211,281 HYPE tokens (worth $13 million) remain under liquidation. The trader still holds a short position of 141,500 HYPE worth approximately $8.67 million, with unrealized losses exceeding $2.5 million.
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