After an 8-month dormancy, the whale who sold HYPE has opened a long position worth $11.75 million in ETH and a short position in HYPE

Odaily reports, according to Onchain Lens monitoring, the whale who remained dormant for 8 months before selling HYPE has now opened a 2x leveraged long position of 2,839 ETH and a 2x leveraged short position of 94,101 HYPE. The total value of these positions is approximately $11.75 million.

Data shows that the whale is currently simultaneously going long on ETH and short on HYPE.