A whale closed a short position on HYPE at a loss of $4.52 million, then opened a new short position.

Odaily Odaily reports that according to Lookonchain monitoring, the whale “0xf02d” has closed its short position on HYPE, which it had held for nearly two months, ultimately incurring a loss of approximately $4.52 million. However, the whale did not exit the market; instead, it reopened a short position after closing the previous one, shorting HYPE again.

Data shows that the address subsequently opened a new short order on HYPE with 10x leverage, with a position size of approximately 283,900 HYPE, valued at around $19.34 million.