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A certain Whale spent 50.8 million USD to increase its HYPE holdings to hedge short order positions.
BlockBeats news, on March 31, according to OnchainLens monitoring, a certain Whale is shorting HYPE and hedging with a short order in the spot market. In the past 14 days, this Whale deposited 112.3 million USDC into HyperLiquid to short HYPE 3x, with unrealized gains of 2.4 million USD, and purchased 387,417 HYPE at an average price of 13.12 USD, spending 50.8 million USD, with unrealized losses of 270,000 USD.