Anonymous whale closes HYPE short at $7M loss

An anonymous whale has closed a short position on HYPE at a loss of over $6.99 million, according to Onchain Lens. The investor, who opened the position through two addresses on Hyperliquid, has since withdrawn the remaining USDC collateral. According to CoinMarketCap, HYPE has surged 32.56% over the past seven days and is currently trading at $58.52. The token ranks 10th among all cryptocurrencies by market capitalization.