HYPE Hits Record High Valuation as Hyperliquid Whale Dumps $27M to Exit Short

A Hyperliquid trader who opened a short position on HYPE ahead of the token’s recent price surge is now unwinding the bet, having already sold more than $14 million worth of tokens with more supply still hitting the market.

At press time, 231,899 HYPE (roughly $14.15 million worth) have already been sold, with a further 211,281 HYPE, worth approximately $13 million, still being offloaded. The trader continues to hold a residual short position of 141,500 HYPE, valued at approximately $8.67 million, suggesting the full short exposure has not yet been closed.