Whale Opens $11.75M Leveraged Position: Long ETH, Short HYPE After Selling Dormant Holdings

ETH-1.08%
HYPE-6.84%
Gate News message, according to Onchain Lens, a whale who sold 101,156 $HYPE for $6.38M $USDC at $63.06 per token after 8 months of dormancy has now opened leveraged positions. The whale established a 2x long position on 2,839 $ETH and a 2x short position on 94,101 $HYPE, with the combined value of these positions totaling $11.75M. The original sale of $HYPE holdings occurred 4 hours prior to the new position openings.
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