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HYPE Short Position Holds at $32.35 Million After $3.19 Million Cut

The account’s cumulative profit was about $142 million in an update timestamped 5:42 a.m. ET Monday.

An anonymous hand lifts one metal token from a short stack / TokenPost.ai
An anonymous hand lifts one metal token from a short stack / TokenPost.ai

A contract account held a HYPE short valued at about $32.35 million after reducing it by roughly $3.19 million, while cumulative profit stood at about $142 million.

The update was timestamped 5:42 a.m. ET (10:42 UTC) Monday, Nov. 2, and listed the account address as 0x7fdafde5cfb5465924316eced2d3715494c517d1. The account continued to hold the short after the reduction.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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