Mars Finance News, on March 31, according to OnchainLens monitoring, a whale is currently shorting HYPE with spot hedging. Within the past 14 days, the whale deposited 112.3 million USDC into HyperLiquid to short HYPE with 3x leverage, gaining a floating profit of $2.4 million, and purchased 387,417 HYPE at an average price of $13.12, spending $50.8 million, with a floating loss of $270,000.
A whale spent $50.8 million to increase its HYPE holdings to hedge its short positions
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