**[Two Whales Plan to Short $42.2 Million Worth of HYPE]** BlockBeats reports that on August 25, according to TradingBeats (formerly Hyperinsight) monitoring, two HYPE whales placed a total of 509 non-"reduce-only" sell orders early this morning, planning to sell approximately 449,500 HYPE tokens, with a nominal value of about $42.226 million and a weighted average order price of $93.94. The creation times of the two sets of orders were less than two minutes apart, but there is currently no data indicating any connection between the two addresses. Among them, the whale starting with 0x4e23, dubbed the "Big Winner in U.S. Stocks," who was tracked yesterday, held 152,800 HYPE long positions as of yesterday but has now fully closed out for profit-taking. Early this morning, this whale placed 24 sell orders within one minute, planning to short 327,300 HYPE tokens in the $90.385 to $104.68 range, with a nominal value of approximately $31.5 million and a weighted average price of $96.25. Another whale, starting with 0xf02d, has already shorted 391,100 HYPE tokens, with a position value of approximately $31.29 million and an average entry price of $75.92, currently facing an unrealized loss of about $1.598 million. This address also placed 485 additional short orders today in the $80.409 to $99 range, planning to short another 122,200 HYPE tokens, with a nominal value of approximately $10.726 million. The lowest tier of these orders is only about 0.5% away from the current price, and some orders have already started to execute. [Original Link]