Whale Increases 5x Short on Hyperliquid Amid $1.88M Unrealized Loss

As Hyperliquid continues its upward movement, a whale wallet identified as 0x842 has further expanded its 5x short position.

The position now totals 353,832 HYPE, valued at approximately $20 million, and is currently facing an unrealized loss of more than $1.88 million.

At the same time, the wallet has been reducing exposure on another front, offloading an additional 61,044 HYPE. This brings its cumulative sales to 125,444 HYPE, generating around $6.5 million at an average price of $52 per token.

Source: Onchain Lens