$23.5M Gone: #whale Forced to Capitulate on $HYPE Short After Massive Surge

In a dramatic turn of events, whale 0x20B1 has officially waved the white flag after a brutal short squeeze on $HYPE.

The trader had been relentlessly shorting #HYPE on Hyperliquid with 5x leverage, starting back on April 29, and depositing a whopping 30.5 million USDC into the platform to fuel the position.

But with $HYPE defying gravity and continuing to rally, the pressure became too much. Two hours ago, the whale fully closed the short—realizing a crushing $23.5 million loss.

What’s left? Just $6.98 million remains in the account.

A costly reminder: fighting hype... might just burn you.

Wallet Address: 0x20B141d3B74779D96B48b966807d719D5dfa08A6