I spent quite a while discussing this with friends in the group: HYPE shorts have a notional value of $8.3053 million, and one address is currently sitting on an unrealized loss of $5.0590 million.
It makes for a pretty sobering read, but the market has never been driven by just one piece of news.
I have a habit: when I see news, I save it first, then check back a few hours later to see how the price has moved.
$HYPE latest: 82.83, down 5.57% on the day.

#HYPE