PANews reported on May 22 that on-chain data showed that the whale address that shorted 1.875 million HYPE (worth $57.54 million) with 5x leverage since May 8 opened at $20.4. Due to the continuous rise of HYPE, the current floating loss of this position is $19.2 million. To prevent liquidation, this address has added margin five times, the latest of which was $2 million USDC half an hour ago, and the current liquidation price is $33.6.