HYPE Token Nears All-Time High Amid Market Movements

The HYPE token has reached $54, approaching its previous high of $59 set last September, with only an 8% increase needed to surpass it. Blockchain sleuth EmberCN posted on X. The largest HYPE long position, consisting of 1.38 million HYPE tokens, currently shows an unrealized profit of $21.6 million. In contrast, the largest short position, held by @loraclexyz, involves 1.6 million HYPE tokens opened at $43.5, now facing an unrealized loss of $17.66 million. The liquidation price for this short position is set at $71.