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[Unknown Entity Shorts HYPE Through 54 Wallets, Unrealized Profit of $5.34 Million] Analyst MLM monitoring shows that in the past few days, an unknown entity has shorted a total of 1.6775 million HYPE tokens (valued at $51.65 million) through 54 different wallets at an average price of $34.2087. Its closing price is $34.6703, 12% higher than the current price (as of around 3:40 AM today). This entity also triggered a 9% flash crash in HYPE's closing price on November 9. The operation utilized high leverage, with a total wallet margin of $9 million, and the short position has already achieved an unrealized profit (UPNL) of $5.34 million. About a month ago, wallets associated with this entity transferred approximately $8,000 worth of Arbitrum-based USDC to Twitter user @rektober and were linked to Solana and Ethereum wallets named 'okwan.' Additionally, it may involve a token called WOULD, which once reached a market capitalization of $700 million on Solana.

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Today 2025-11-24
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