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

Odaily Planet Daily reported that according to Lookonchain monitoring, the whale address "0xf02d" has closed its HYPE short position held for nearly two months, resulting in a final loss of approximately $4.52 million. However, the whale did not exit the market; instead, it re-established a short position after closing and shorted HYPE again.

Data shows that the address subsequently opened a new HYPE short position with 10x leverage, with a position size of approximately 283,900 HYPE, worth about $19.34 million.