HYPE drops to its lowest point since May 21, with a whale's long position showing an unrealized loss of $15.3 million

BlockBeats News, on December 9, according to monitoring by Onchain Lens, the price of HYPE token has dropped to its lowest point since May 21, currently trading at $27.7, with a 24-hour decline of 9.1%.

A certain whale holds 1.38 million HYPE token long positions and is currently facing an unrealized loss of $15.3 million. The position is valued at $38 million, with an entry price of $38.67 and a liquidation price of $22.16.