A major whale unpledged 443,200 HYPE tokens and has already sold 232,000 of them.

On May 25th, Lookonchain monitoring revealed that a short-selling trader simultaneously closed out their position and sold HYPE tokens just before the token's price surge. The trader unsecured 443,180 HYPE (worth US$27 million), sold 231,899 HYPE (worth US$14.15 million), and is currently selling the remaining 211,281 HYPE (worth US$13 million). They still maintain a short position of 141,500 HYPE (worth US$8.67 million), resulting in an unrealized loss exceeding US$2.5 million.