A massive $23.5M loss for the whale who bet against $HYPE … 😥

The whale who shorted 1.875M $HYPE ($57.14M) with 5x leverage has finally closed their position, taking a $23.52M loss (-77%)!

Over the past 23 days, the whale deposited $30.5M $USDC into #Hyperliquid to maintain the short, but with HYPE’s recent rise, they were forced to close out. Now, only $6.98M remains in their account.

#hype #Liquidations #losses #short #WhaleActivity