A whale, after receiving over 556,800 HYPE tokens, began selling and increased its short position to $32 million.

CoinFeed reported on April 30 that, according to Onchain Lens monitoring, HYPE whale Loracle.hl (@loraclexyz) began selling after receiving 556,825 HYPE tokens ($22 million), while simultaneously increasing its 5x leveraged short position in HYPE, worth over $32 million.