HYPE Whale Adds $18M Short Orders Above $57

Entity 0x4e23 places $18.46M in HYPE limit sell orders above current price, signaling intent to expand short exposure on potential rebound rather than take profits.

Woofun AI data shows that wallet 0x4e23 has deployed 62 HYPE limit sell orders between $57.27 and $58.34, representing a total nominal value of approximately $18.461 million. The weighted average sell price stands at roughly $57.62, with 85.3% of the volume concentrated between $57.27 and $57.74. These orders sit 3.4% to 5.3% above the current trading price of $55.42, indicating a strategy to accumulate short positions on a price rebound rather than reduce existing exposure.

Currently, eight orders have been partially filled, resulting in sales of about 10,400 tokens worth $597,000. The whale maintains a 5x leveraged short position of approximately 71,900 HYPE, valued at $3.985 million with an average entry price of $57.17 and unrealized profits of $126,000. If all pending orders execute, the total short position would reach roughly 392,300 tokens, expanding the position size to an estimated $22.572 million with a combined average entry price of $57.54.