<ul><li>Whale deposits $11.23M USDC, shorting $HYPE with 3x leverage for $2.4M profit, while buying $5.08M, creating a hedging strategy.</li><li>Conflicting signals: whale bets against the token with a short, yet accumulates long positions, suggesting either hedging or long-term accumulation.</li><li>Whale’s actions may be market-neutral, profiting from volatility, or manipulative, aiming to create confusion and exploit price swings.</li><li>JELLY long position holders to be compensated at a price of 0.037555; Hyperliquid Assistance Fund reduces buying activity, suggesting weakening support for $HYPE.</li></ul>

Whale’s Risky HYPE Bet: $11M Short vs. $5M Long – Genius or Gamble?

Discover more