A whale lost $4.52 million closing a HYPE short position, then opened a 10x leveraged short position.

According to TechFlow, on July 10, Lookonchain monitoring showed that whale address 0xf02d closed its HYPE short position after holding it for nearly two months, incurring a loss of approximately $4.52 million. However, the address subsequently re-established a 10x leveraged HYPE short position with a size of 283,948 HYPE, valued at approximately $19.34 million.