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A Major Whale Sells Over 340,000 HYPE to Short the Market, Holding More Than $70 Million in Short Positions

A Major Whale Sells Over 340,000 HYPE to Short the Market, Holding More Than $70 Million in Short Positions

Chaincatcher2025/08/20 17:38
BTC+0.34%SOL+1.54%HYPE-0.25%

According to ChainCatcher, on-chain data shows that early Hyperliquid whale Inga_no has sold a large amount of HYPE tokens over the past two days to supplement margin for his short positions and to short the market. He currently holds a total notional value of $70 million in short positions, distributed across ETH ($56 million), XRP ($5 million), SOL ($5 million), and BTC ($5 million).

In the past 24 hours, he has sold a total of 342,000 HYPE tokens (worth approximately $144 million).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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