PANews reported on May 21 that, according to Onchain Lens monitoring, as HYPE continued to rise, whale 0x842 increased its short position by 5x to 353,832 HYPE, worth $20 million, resulting in a paper loss of over $1.88 million. The whale also sold 61,044 HYPE, bringing its total sales to 125,444 HYPE, netting $6.5 million at an average price of $52.