**["Shorting Before HYPE's Surge" Whale Admits Loss, Reduces Position, and Sells Spot Holdings]** BlockBeats News, May 25: According to monitoring by Lookonchain, a whale who shorted HYPE before its price surge is now closing short positions while selling HYPE. The whale has unstaked 443,180 HYPE (approximately $27 million), of which 231,899 HYPE (approximately $14.15 million) has already been sold. The remaining 211,281 HYPE (approximately $13 million) has yet to be sold. However, the whale still holds a short position of 141,500 HYPE (approximately $8.67 million), with unrealized losses exceeding $2.5 million. [Original Link]