A Tale of Joy and Woe: Largest Short Position Post-HYPE All-Time High Sees Paper Loss Expand to $25.9 Million

BlockBeats News, May 21st, as the HYPE reached a new high, the long and short sides on-chain continue to experience a rollercoaster of emotions. As of the time of writing:

The largest short position in HYPE, loracle.hl, is currently at a mark-to-market loss of $25.9 million, with the latest liquidation price at $68.8.

On the other hand, the largest long position in HYPE is currently sitting at a mark-to-market profit of $28.64 million: the trader went long with 1.38 million HYPE tokens at a price of $38.6 in November last year ($82 million), and has held the position for 7 months.