PANews reported on November 24 that, according to Lookonchain monitoring, the smart whale 0x7fe8, which has accumulated profits of over $25.7 million, has turned bullish after profiting $457,000 from two short positions in HYPE.

He is buying HYPE in the spot market, having already purchased 207,389 HYPE tokens (worth $6.9 million), and has placed a limit order to buy an additional 127,337.88 HYPE tokens (worth $3.75 million) in the range of $28.04 to $31.475.