According to BlockBeats, on-chain data from August 21st revealed that Inga_no, an early Hyperliquid whale, has been selling a significant amount of HYPE tokens over the past two days to cover his short position margin and short the market. He currently holds a short position with a total notional value of $70 million, spread across ETH ($56 million), XRP ($5 million), SOL ($5 million), and BTC ($5 million).
In the past 24 hours, he has sold a total of 342,000 HYPE (worth about $144 million).
