A trader opened a short position of 375,000 HYPE contracts and has already incurred a floating loss of $1.26 million.

CoinFeed reported on May 18 that, according to Lookonchain monitoring, a trader returned after a month-long break and opened a short position of 375,033 HYPE tokens (US$17.5 million), currently showing a floating loss of US$1.26 million.