😵‍💫 A trader who shorted HYPE with a leverage of x5 lost $23.5 million — down 77%

Starting from early May, the trader gradually increased his short position on HYPE, ultimately investing $30.5 million USDC. However, the recent pump forced him to capitulate — the position was closed with a loss of $23.5 million.

💬 Arthur Hayes believes that during this bullish cycle, $HYPE could surpass $SOL in market capitalization.

What do you think, is HYPE the future giant or an already overheated asset?