A trader who was rolling over positions increased their short positions in HYPE over the past half hour, bringing the total value of their short positions across four cryptocurrencies to over $260 million.

According to on-chain analyst Yu Jin, the short trader 0xD83...Fd7 has increased his short position in HYPE in the past half hour. He started by shorting ETH last Friday and then used his profits to increase his short positions in other cryptocurrencies. He now holds short positions in four cryptocurrencies: BTC, ETH, HYPE, and XMR, with a total value of $261 million. He turned his initial $3 million into $11 million through shorting: shorting 1640 BTC ($150 million), opening at $92,120, liquidating at $94,732, with a profit of $1.98 million; and shorting 31,093 ETH ($100 million), opening at $3,270, liquidating at $3,269, with a profit of $6.29 million. Shorted 728,000 HYPE tokens ($16 million), opening price $21.77, liquidation price $30.1. Unrealized loss of $60,000. Shorted 824 XMR tokens ($450,000), opening price $605, unrealized profit of $40,000.