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A Whale is dumping over 340,000 HYPE to short the market, with a short position exceeding $70 million.
On August 21, according to on-chain data, early Hyperliquid Whale Inga_no has recently sold a large amount of HYPE Token to supplement his short order Margin and short the market. He currently holds a total notional value of 70 million USD in short orders, distributed among ETH (56 million USD), XRP (5 million USD), SOL (5 million USD), and BTC (5 million USD). In the past 24 hours, he has cumulatively sold 342,000 HYPE (worth approximately 144 million USD).