Whale Goes Bearish on $HYPE with $1.71M Short Position

Whale wallet 0x7dB6Bf4803459d73496de22f1dDD2557C51CCF81 made a bold bearish move on #hype .

Roughly 10 hours ago, the whale deposited 5.1M USDC into HyperLiquid, and swiftly used it to short 91,267.52 HYPE, valued at around $1.71 million.

The short orders were placed in the price range of $18.5 to $18.9, signaling a strong bet against any near-term rally.

Eyes will be on this one—will the HYPE fade or flip the script?