$HYPE Dormant Whale Resurfaces, Deposits $1.38M To Short HYPE With Conservative Strategy

On 08/12, the community spotted the return of a whale after 7 months of inactivity This whale deposited 1.38 million USDC into the DEX.

🔸 Immediately opened a Short position on the HYPE token. Notably, the whale used only 1x leverage. This is a seasoned investor who previously pocketed $1.14 million in profit from the market.

🔸 Opening a Short with 1x leverage is an intriguing move. It is highly likely this whale holds a significant amount of HYPE from Airdrop or Spot and uses the 1x Short to lock in value, hedging against price drops without actually selling the tokens. Or they simply believe HYPE price will decline but opted for an ultra safe strategy (only liquidated if HYPE price doubles), avoiding high risk gambling.

Do you think this is a directional Short to profit from a dump, or a Delta Neutral strategy to farm Funding Rates?

News is for reference, not investment advice. Please read carefully before making a decision.