A Whale Closes HYPE Short Position, Losing Approximately $23.52 Million

According to monitoring by on-chain analyst Onchain Lens, a certain whale closed a 5x short position on HYPE, incurring a loss of approximately $23.52 million. Over the past 23 days, the whale deposited 30.5 million USDC into Hyperliquid to increase short positions and margin. Now, only $6.98 million remains in this whale's HyperLiquid account.