According to @EmberCN, a whale has shorted 1.875 million $HYPE tokens with $28.5 million in margin, currently facing an unrealized loss of $18.8 million after entering the position with 5x leverage at $20.4 on May 8 (source: Twitter/@EmberCN, May 22, 2025). To avoid liquidation, the trader added $2.04 million in USDC to the margin two hours ago. This aggressive position highlights the high risks of leveraged shorting in volatile tokens like HYPE and signals potential short squeeze scenarios that may further destabilize the price, drawing increased attention from both retail and institutional traders. The continued margin injections and large open interest are likely to impact broader crypto market volatility and sentiment.

According to Lookonchain, a whale has created a new wallet and deposited $1.33 million USDC into HyperLiquid to open a short position against $TRUMP, entering at a price of $14.787 with a liquidation price set at $21.538 (source: Lookonchain via Twitter, April 28, 2025). This significant capital deployment highlights strong bearish sentiment from large players and sets a key resistance level for traders to monitor. The whale's high-risk position and clear liquidation threshold provide actionable information for traders seeking to capitalize on short-term volatility in the $TRUMP market.