As $HYPE surged, 0x20B1, a whale who shorted $HYPE with 5x leverage, had to capitulate.

He closed all $HYPE shorts 2 hrs ago and lost $23.5M.

Since Apr 29, he has deposited 30.5M $USDC to Hyperliquid to short $HYPE.

After closing out, only $6.98M left — a massive hit!

https://hyperdash.info/trader/0x20B141d3B74779D96B48b966807d719D5dfa08A6