On May 20, a whale has been identified as incurring substantial losses from a short position on HYPE, according to BlockBeats On-chain Detection. Since May 15, the whale has shorted 375,000 HYPE tokens, resulting in an unrealized loss of $1.989 million. The current position size stands at $18.19 million, making it the sixth-largest short position on HYPE, with an average entry price of $43.298.