An address identified as 0xf02d...3454c6 sold 3.44 million HYPE spot tokens on September 17, according to on-chain monitoring. According to BlockBeats On-chain Detection, the address still holds a HYPE short position of about $30.23 million.

The address has lost $5.82 million over the past 30 days and has recorded cumulative losses of $6.79 million over its trading history.