WHALES SHORTING HYPE TO THE TUNE OF $1.45 BILLION?
$HYPE has fallen from a peak of $97 to around $80 in just 3 weeks.
According to shared on-chain data, the Abraxas fund is still maintaining a massive short position on Hyperliquid, despite having closed its previous hedge positions.
If you're holding HYPE, keep a close eye on it. But don't assume the price is bound to keep falling just because a whale is shorting!
$HYPE has fallen from a peak of $97 to around $80 in just 3 weeks.
According to shared on-chain data, the Abraxas fund is still maintaining a massive short position on Hyperliquid, despite having closed its previous hedge positions.
If you're holding HYPE, keep a close eye on it. But don't assume the price is bound to keep falling just because a whale is shorting!