Whale Shorts $1.7M in HYPE After $5.1M USDC Deposit
A whale deposited $5.1M USDC to HyperLiquid and shorted $1.7M worth of HYPE.
- Whale deposited $5.1M USDC into HyperLiquid
- Shorted over $1.7M in HYPE tokens at $18.5–$18.9
- Move hints at bearish sentiment on HYPE’s price
Whale Makes Bold Bet Against HYPE Token
A crypto whale has made waves on HyperLiquid after depositing a hefty $5.1 million in USDC approximately 10 hours ago. What followed was a significant move: placing short orders totaling 91,267.52 HYPE tokens, worth roughly $1.71 million, at prices between $18.5 and $18.9.
This strategy indicates a clear bearish outlook on the HYPE token in the short term. A whale of this size often has access to deep insights or on-chain signals, so the community is closely watching the wallet’s next move.
What Does This Mean for HYPE Holders?
When large holders make short trades like this, it often introduces downward pressure on price, especially for tokens with lower liquidity or smaller market caps. HYPE traders should keep an eye on order book depth and monitor for signs of liquidations or cascading effects if the price dips into the whale’s profit range.
Additionally, such positions can signal a trend shift, particularly if they align with other market indicators or broader token unlock schedules.
Community Eyes on On-Chain Movements
The wallet activity was flagged by @spotonchain, a trusted source for on-chain analysis. Investors tracking this address will be watching for any sign of a position reversal or profit-taking. This event also underscores the power of decentralized analytics—giving everyday traders a chance to follow whale moves in real-time.
For now, the message is clear: someone with serious capital is betting against HYPE.
