BlockBeats News, May 21st, according to Onchain Lens monitoring, as the HYPE continues to surge, a whale address (0x842) has increased its HYPE short position by 5 times to 353,832 HYPE, worth approximately $20 million. The current unrealized loss has exceeded $1.88 million.

The address also sold another 61,044 HYPE, bringing the total amount sold to 125,444 HYPE, with a total value of around $6.5 million and an average selling price of $52.