A whale is hedging HYPE tokens and deposited 11.23 million USDC into HyperLiquid in the past 14 days

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PANews
03-31
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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.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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