A giant whale closed its HYPE short order and lost approximately US$23.52 million

Crypto 7x24

2025-05-23 12:22:25

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According to online reports, according to monitoring by on-chain analyst Onchain Lens, a giant whale closed its position with HYPE5 times short, losing approximately US$23.52 million. Over the past 23 days, whales have deposited 30.5 million USDC with Hyperliquid to increase short positions and margins. Now, the whale only has $6.98 million left in his HyperLiquid account.

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