NBA star Tristan Thompson shorts HYPE with 50x leverage

NBA player Tristan Thompson announced on X that he has entered a 50x short position on HYPE. His entry price was $66.95, with a stop-loss reportedly set around $68. Thompson explained that the move is a short-term trading strategy based on an expected correction, not a long-term bearish outlook. He added that while he sees the potential for a price adjustment in the near term, he remains bullish on HYPE's long-term prospects.