According to CoinMeta, based on early monitoring of in, two large traders (whales) placed 509 sell orders, planning to sell 449,500 units of HYPE for approximately $42.226 million. A whale with an address starting with 0x4e23 cleared 152,800 units of HYPE and then planned to go short on 327,300 units of HYPE for about $31.5 million. Another whale with an address starting with 0xf02d is already short on 391,100 units of HYPE, with a position valued at $31.29 million and a floating loss of $1.598 million, and plans to continue going short on another 122,200 units of HYPE for about $10.726 million.