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A certain whale has dumped over 340,000 HYPE tokens to short the market, holding a short position of over $70 million.

By: theblockbeats.news|2025/08/20 18:02:06

BlockBeats News, August 21st, according to on-chain data, early Hyperliquid whale Inga_no has been selling a large amount of HYPE token in the past two days to replenish his short position margin and short the market. He currently holds a total nominal value of $70 million in shorts, distributed across ETH ($56 million), XRP ($5 million), SOL ($5 million), and BTC ($5 million).

In the past 24 hours, he has sold a total of 342,000 HYPE tokens (worth approximately $144 million).

Senator Cynthia Lummis is pushing to advance a crypto bill by the end of the year

In the past 4 hours, the entire network has seen $177 million in liquidations, with the majority coming from short positions.