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A $40.2 million whale places a $20 million HYPE limit order
Svmuu News: According to Hyperinsight data, as of press time, HYPE hit a low of $58.78—a 10% pullback from its intraday high—and is currently trading at $59.2, down 11.2% from the previous day’s price. Early this morning, a whale placed 60 HYPE limit buy orders, priced between $20 and $40, intending to purchase 666,700 HYPE tokens with a notional value of approximately $20 million at a weighted average price of $30—the highest bid price remains 32.5% below the current market price. This whale’s account holds $40.2 million in funds and currently holds only 4,218 HYPE short positions, valued at approximately $250,000. If the buy orders are filled, the existing short positions will be closed out, and the account will instead hold approximately 662,400 HYPE long positions.
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