After turning a profit of $2.28 million, a whale shifts to shorting, establishing a $13.6 million 5x short position on HYPE

Odaily Odaily reports that, according to Onchain Lens monitoring, a whale has closed their long position on HYPE, taking a profit of $2.28 million, and subsequently opened a 5x short position on HYPE worth $13.6 million. The same whale also sold 40,000 HYPE for $2.85 million, but still holds 150,000 HYPE, with a current position value of approximately $10.75 million, resulting in a spot profit of $6.4 million.