PANews reported on May 23 that according to Onchain Lens monitoring, a whale failed to short HYPE with 5x leverage, closed its position and recorded a loss of $23.52 million. In the past 23 days, the address has recharged a total of $30.5 million USDC to Hyperliquid for increasing positions and margin, and currently only $6.98 million is left in the account, indicating that it has suffered a significant setback.