A major trader is currently offloading his underwater positions in $HYPE at significant losses. Despite trimming some exposure, he maintains a substantial 200k $HYPE position (approximately $5M notional) on elevated leverage. His total unrealized and realized losses on these $HYPE long positions have reached around 500k. This move signals growing pressure from large holders as the asset faces downward momentum. Monitoring such whale activity provides valuable insight into market sentiment and potential price direction shifts.