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A certain Whale spent 10.5 million USDC to buy 287,153 HYPE, while opening a 10x short order for hedging.
BlockBeats news, on June 24, according to Spot On Chain monitoring, a certain Whale spent approximately 10.5 million USDC to purchase 287,153 HYPE about 8 hours ago, with an average buying price of 36.56 USD. Meanwhile, the Whale opened a 10x leveraged short order for HYPE, and the current position size is roughly equivalent to the Spot holdings, potentially hedging against potential short-term downward risks.