A major whale increased its short position in HYPE to $20 million and sold over 60,000 HYPE tokens again.

CoinFeed reported on May 21 that, according to Onchain Lens monitoring, as HYPE continued to rise, whale 0x842 increased its short position by 5x to 353,832 HYPE, worth $20 million, resulting in a paper loss of over $1.88 million. The whale also sold 61,044 HYPE, bringing its total sales to 125,444 HYPE, netting $6.5 million at an average price of $52.