Whale Increases Short Position on HYPE Worth Approximately $20 Million, Unrealized Loss Exceeds $1.88 Million

On May 21, according to Onchain Lens monitoring, as HYPE continues to rise, a whale address (0x842) has increased its short position on HYPE fivefold to 353,832 HYPE, valued at approximately $20 million, with an unrealized loss now exceeding $1.88 million. The address also sold an additional 61,044 HYPE, bringing the total amount sold to 125,444 HYPE, with a total value of about $6.5 million and an average selling price of $52.