HYPE Whale Posts $18.46M in Limit Sells as Short Bet Grows
AI Market Summary
Monitoring data indicate a single whale has layered ~$18.46M of HYPE limit sell orders around $57.27–$58.34 while already running a 5x short. If the remaining orders execute, the short could expand to ~392k tokens (~$22.6M notional), increasing near-term supply and reinforcing downside positioning. The tight clustering of orders near $57.27–$57.74 suggests concentrated overhead liquidity and potential pressure on spot and perp order books.
Impact level
● Medium
Affected assets
HYPE/USDT-9.76%
AI Insight · HYPE/USDTAI Insight
▼ Bearish
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Odaily Planet Daily cited Hyperinsight monitoring showing that a whale address (0x4e23) placed 62 HYPE limit sell orders from late last night into early morning. The orders span $57.27 to $58.34, with roughly 320,400 HYPE still queued for sale—about $18.461 million in notional value—at a weighted average price near $57.62.
Most of the remaining sell pressure sits in the $57.27–$57.74 range: 55 orders totaling about 273,200 HYPE, or roughly $15.709 million, representing 85.3% of all open orders. The other 7 orders are clustered between $58.22 and $58.34, totaling about $2.752 million.
The same whale currently holds a 5x full-position short of around 71,900 HYPE, valued at about $3.985 million, with an average entry price of $57.17. Unrealized profit is approximately $126,000, implying a return of about 15.3%. If the remaining limit sell orders are fully filled, the whale's HYPE short would rise to roughly 392,300 tokens, with an estimated average entry price of $57.54 and an expanded position size of about $22.572 million.
