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A whale spent $50.8 million to increase their HYPE holdings to hedge their short position.

2 days ago

On March 31st, as per the monitoring of OnchainLens, a whale is currently conducting a short-selling spot hedge on HYPE. During the past 14 days, this whale has deposited 112.3 million USDC into HyperLiquid and used 3x leverage to short HYPE, realizing a profit of 2.4 million dollars. Additionally, they purchased 387,417 HYPE at an average price of 13.12 dollars, spending 50.8 million dollars, and incurring an unrealized loss of 270,000 dollars.
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