A certain whale has magnified its short position by 5x. The HYPE is currently sitting on an unrealized loss of $12.06 million. 7 hours ago, they added $3 million in margin to raise the liquidation price to $31.6.

BlockBeats News, May 17th, according to on-chain data analyst Yu Jin's monitoring, the [Whale Address that Shorted 5x 1.875 million HYPE] withdrew 3 million USDC from Binance 7 hours ago and transferred it to Hyperliquid to top up collateral.

The address entered a 5x short position on 1.875 million HYPE at a price of 20.4 (worth $50.4 million) and is currently facing a unrealized loss of $12.06 million.

After topping up collateral at this address, the liquidation price for the position is currently $31.6.