The trader who bet against $HYPE before the breakout is finally starting to wave the white flag…🤪. After getting caught on the wrong side of #HYPE ’s surge, the wallet has begun unwinding both the short and spot position at the same time. The trader unstaked 443,180 HYPE worth roughly $27M and has already sold 231,899 HYPE worth around $14.15M. The remaining 211,281 HYPE (about $13M) is still in the process of being sold. At the same time, there’s still a 141,500 #hype short position open worth roughly $8.67M , currently sitting more than $2.5M underwater. Looks like the strategy now is damage control: reduce exposure, close the short, and stop the bleeding after HYPE’s massive run caught the trade completely offside. Address: 0x519c721de735f7c9e6146d167852e60d60496a47