After an eight-month hiatus, a whale that sold HYPE opened a $11.75 million long position in ETH and a short position in HYPE.

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According to Onchain Lens Odaily, the whale that sold HYPE after an eight-month hiatus has now opened a 2x leveraged long position of 2,839 ETH and a 2x leveraged short position of 94,101 HYPE, with a total position value of approximately $11.75 million.

Data shows that this whale is currently simultaneously long on ETH and short HYPE.

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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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