PANews news on May 22, on-chain data shows that the whale address that shorted 1.875 million HYPE tokens (worth $57.54 million) with 5x leverage on May 8 at an entry price of $20.4. As HYPE continues to rise, the position is currently floating at a loss of $19.2 million. To prevent liquidation, the address has added margin five times, with the latest addition of $2 million USDC half an hour ago, and the current liquidation price is $33.6.
