From making $2.8M to losing $3.7M, this whale is still shorting HYPE 0xf02d…54c6 has clearly been at odds with HYPE shorts recently. Since opening positions on August 21 at 09:16, this address has executed 41,700 trades around HYPE, with a total of $148M added to shorts and $139M reduced from shorts, resulting in a realized loss of $3.6175M. Before this, they were doing pretty well with HYPE : Since July, a few profitable short trades earned a total of $2.8238M, including two major positions that brought in $1.4889M and $1.3165M respectively. But starting mid-to-late August, things went downhill: Two short trades lost $336.6K and $2.0855M respectively. Adding the latest round of losses, the recent total loss is around $6.0396M. Based on current closed positions, the address has a net loss of $3.22M. Still, this whale hasn’t stopped. They currently hold 162,900 HYPE shorts worth $13.6914M at a cost basis of $82.606, with an unrealized loss of $236.9K. At the same time, they’ve placed 483 HYPE sell orders totaling about 80,000 HYPE ($6.98M), with prices ranging from $83 to $95. None of these are reduce-only orders. If these orders are gradually filled, the existing short position could expand even further.