A major whale opened a short position with 10x leverage and reduced its holdings of HYPE spot stock, with a liquidation price of $60.9.

CoinFeed reported on May 20th that, according to Onchain Lens, in the past two hours, a whale address opened a short position of 218,406 HYPE tokens with 10x leverage, with a notional value of approximately $11.16 million and a liquidation price of $60.90. Simultaneously, the address also sold 64,401 HYPE tokens, receiving approximately 3.08 million USDC.