HYPE Trades Around $40 as Whale Opens 5x Short Position on Hyperliquid

Gate News message, April 22 — HYPE traded near the $40 level this morning following an earlier market rally, though the token remains down 3% over the past 24 hours. According to Hyperinsight data, a major whale (0xec8) opened a 5x leveraged short position on Hyperliquid over the past hour, with an average entry price of $40.04 and liquidation price of $46.6, representing a position size of approximately $3.38 million.

Another whale (0x4a8) that opened a position earlier today with an average entry of $39.64 has since moved into losses. If HYPE rises to $41.6, this position would face liquidation, marking the closest liquidation level among whale positions exceeding $1 million opened today.