A certain whale spent 50.8 million dollars to increase its holdings in HYPE as a hedge against short positions

According to Onchain Lens monitoring, a certain whale is short selling HYPE in spot hedging. In the past 14 days, this giant whale deposited 112.3 million USDC into HyperLiquid to short HYPE three times, making a floating profit of $2.4 million and purchased 387,417 HYPE at an average price of $13.12, spending $50.8 million and suffering a floating loss of $270 thousand dollars.