A whale sold 55.68 million HYPE after receiving it and opened a 5x leveraged short position worth over $32 million

Odaily reports, according to Onchain Lens monitoring, whale Loracle.hl (@loraclexyz) received 55.68 million HYPE (worth $22 million) and subsequently began selling the token, while also increasing their HYPE short position with 5x leverage, with the short position valued at over $32 million.