Shorting 1.875 million HYPE with a margin of $28.5 million, currently has unrealized losses of $18.8 million.

DailyNews

2025-05-22 04:59:11

According to Jinse Finance, on-chain analyst Yu Jin monitored that a Whale used $28.5 million Margin to short 1.875 million HYPE ($57.14 million), and is currently facing unrealized losses of $18.8 million. In order to avoid liquidating the position, the margin was increased by another 2.04 million USDC 2 hours ago. On May 8, he shorted 1.875 million HYPE with 5x leverage, and the opening price was $20.4. Since then, HYPE has risen all the way, and has increased the margin 2 times to maintain the position, and the liquidation price of the position is now $32.6.

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