A whale with a large short position on HYPE has unrealized losses of 18 million dollars and is increasing the position by 2 million U to raise the liquidation price.

On May 22, according to the on-chain data analyst Ember Monitoring, the whale that used $28.5 million margin to short 1.875 million HYPE ( about $57.14 million ) has now lost $18.8 million. In order to prevent the position from being liquidated, the address increased its margin by another 2.04 million USDC 2 hours ago. It is reported that the address shorted 1.875 million HYPE with 5x leverage on May 8, and the opening price was $20.4. Since then, HYPE has risen all the way, adding margin 2 times to maintain the position, and the position is now liquidated at $32.6.