A giant whale short selling HYPE with 5-fold leverage has incurred a floating loss of $18.8 million

Odaily Planet Daily News: According to the monitoring of Ashes, a giant whale has been short selling 1.875 million HYPE (worth $57.14 million) with 5-fold leverage since May 8th, with an opening price of $20.4. Due to the continuous rise of HYPE, the position is currently experiencing a floating loss of $18.8 million. To prevent liquidation, the address has added margin three times, with the latest one adding $2.04 million USDC two hours ago, and the current liquidation price is $32.6.