After being dormant for 8 months, the whale that sold HYPE has opened a $11.75 million long position on ETH and a short position on HYPE

Odaily reported that, according to Onchain Lens monitoring, the whale that sold HYPE after being dormant for 8 months has now opened a 2x leveraged long position of 2,839 ETH, as well as a 2x leveraged short position of 94,101 HYPE, with the total value of these positions being approximately $11.75 million.

Data shows that this whale is currently going long on ETH while simultaneously shorting HYPE.