A whale identified as 0x4e23 placed 62 HYPE limit sell orders from last night through this morning, with prices ranging from $57.27 to $58.34. According to Odaily, the remaining planned sales total about 320,400 HYPE, with a notional value of about $18.461 million and a weighted average order price of about $57.62.
Fifty-five of the sell orders were concentrated between $57.27 and $57.74, covering about 273,200 HYPE worth about $15.709 million and accounting for 85.3% of the total orders. Another seven orders were placed between $58.22 and $58.34, with a value of about $2.752 million.
The whale is also holding a 5x leveraged short position of about 71,900 HYPE, with a position value of about $3.985 million and an average entry price of $57.17. The position shows unrealized profit of about $126,000, or 15.3%.
If all remaining orders are filled, the whale's HYPE short position would rise to about 392,300 HYPE. The combined average entry price would be about $57.54, and the position size would expand to about $22.572 million.