PANews reported on March 31 that according to OnchainLens monitoring, a whale is hedging operations on the HYPE token. Over the past 14 days, the whale deposited 11.23 million USDC into HyperLiquid and:
- Opened a short position on the HYPE token (3x leverage), currently with a floating profit of $2.4 million.
- Bought 387,417 HYPE tokens at a unit price of $13.12, spending a total of $5.08 million, currently with a floating loss of $270,000.



