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Whale’s Risky HYPE Bet: $11M Short vs. $5M Long – Genius or Gamble?

Whale’s Risky HYPE Bet: $11M Short vs. $5M Long – Genius or Gamble?

A savvy whale is shorting HYPE as well as buying it. On-chain data showed how the investor deposited a staggering $11.23 million $USDC into the DEX and opened a short position on the token with 3x leverage, netting a floating profit of $2.4 million. However, when they bought 87,417 $HYPE tokens for $5.08 million at [……

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Written by Mr Viral

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