TechFlow news: On May 25, according to on-chain analytics platform Lookonchain (@lookonchain), a trader who previously shorted HYPE before its price surge is now simultaneously closing their short position and selling HYPE.
This address has unstaked 443,180 HYPE tokens—valued at approximately $27 million—with 231,899 HYPE tokens already sold for roughly $14.15 million. The remaining 211,281 HYPE tokens—valued at around $13 million—are still being sold. Additionally, the trader maintains an open short position of 141,500 HYPE tokens—valued at approximately $8.67 million—with unrealized losses exceeding $2.5 million.
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