HYPE Short Seller's Unrealized Gain Narrows to $250,000, Liquidation Price at $72

BlockBeats News, May 17th, according to on-chain analyst Ai (@ai_9684xtpa), after the news of "CME and ICE Driving Regulatory Hyperliquidation" was released on Friday, a whale shorted 300,000 HYPE, with an average entry price of $43.398. The current unrealized loss has narrowed to $250,000.

According to analysis, due to sufficient collateral, the whale's short position will be liquidated at $72. For every $1 drop in the HYPE price, the short position will gain $250,000.