5X The whale that short HYPE has closed its position, with a loss of more than $23.5 million

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PANews
05-23
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PANews reported on May 23 that according to Onchain Lens monitoring, a whale short-selling HYPE with 5x leverage failed, has closed the position and recorded a loss of $23.52 million. Over the past 23 days, the address deposited a total of $30.5 million USDC into Hyperliquid for increasing positions and margin, and currently only $6.98 million remains, indicating a significant setback.

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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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