HYPE Short Worth $54.57M Sees $5.56M Unrealized Profit After 22% Drop

On October 24, the largest HYPE short position address 0xf02d held 715,334 HYPE short contracts worth about $54.57 million. With HYPE down 22% from its peak, the position showed $5.56 million in unrealized profit. The address also earned roughly $620,000 from funding rate income.