Whale 0xde42 dumps $2.4M in $HYPE then opens a $10.5M leveraged short — double-barreled bearish pressure!

On-chain data from HypurrScan shows whale address 0xde42 sold 50,000 $HYPE tokens worth approximately $2.41 million over a 10-hour window, then compounded the bearish signal by opening a 10x leveraged short position on 223,404 $HYPE — a notional $10.55 million bet against the token.

The combination of spot liquidation and a high-leverage short from the same wallet is a notably aggressive move. It's not just a portfolio trim; the short position suggests the whale expects further downside and is actively positioned to profit from it.

For $HYPE holders, the read is straightforward: a single large actor has placed a $12.96 million combined bearish trade, and the 10x leverage means any sustained price decline will amplify the pressure as the position is defended or rolled.

Source: [HypurrScan Beta](https://hypurrscan.io/address/0xde4247f0db1e4c32842049a1904Bc733779F952B#perps)