HYPE briefly moved above $41, leading one whale on Hyperliquid to close a short at a loss, while other leveraged bearish positions remain exposed if the token rises further.
HYPE briefly climbed above $41, triggering a whale wallet beginning with 0x4a8 to close a short position at $41.01 for an estimated loss of about $44,000. The trade had been opened earlier the same day at an average entry price of $39.6 and had previously grown to $1.32 million in size on April 22. The move adds to ongoing focus on whale short activity in HYPE as price rebounds increase pressure on leveraged bearish positions on Hyperliquid.