[Trader Closes Positions and Sells HYPE, Unrealized Loss Exceeds $2.5 Million]
According to on-chain analytics platform Lookonchain (@lookonchain), a trader who shorted before the price surge of HYPE is now closing short positions and selling HYPE. The address has unstaked 443,200 HYPE tokens, valued at approximately $27 million, of which 231,900 HYPE tokens have been sold, valued at approximately $14.2 million. The remaining 211,300 HYPE tokens, valued at approximately $13 million, are still being sold. Additionally, the address still holds a short position of 141,500 HYPE tokens, valued at approximately $8.67 million, with unrealized losses exceeding $2.5 million.
