According to @EmberCN on Twitter, a major whale who shorted 1.875 million HYPE tokens ($57.14M) using 5x leverage since May 8 at an entry price of $20.4 was forced to close the position with a massive $23.52 million loss (-77%) after being liquidated. Despite continuously adding margin totaling $30.5M as HYPE price surged, the whale capitulated today. This event highlights strong bullish momentum in HYPE and suggests increased volatility and liquidations in meme coin sectors, impacting overall crypto market sentiment (Source: @EmberCN).