According to online reports, according to Spot On Chain monitoring, a giant whale spent 10.5 million USDC to purchase 287,153 HYPEs about 8 hours ago, with an average purchase price of US$36.56. At the same time, the giant whale opened a HYPE short order with 10 times leverage. The current position size is roughly equivalent to the spot position, which may be hedging potential short-term downside risks.