According to BlockBeats, on July 28th, Hyperinsight monitoring showed that a whale (0x4e23) placed 62 limit sell orders for HYPE from last night to this morning, with prices ranging from $57.27 to $58.34. The remaining planned sell order is approximately 320,400 HYPE tokens, with a notional amount of approximately $18.461 million and a weighted average order price of approximately $57.62.

Of these, 55 sell orders were concentrated between $57.27 and $57.74, with a remaining quantity of approximately 273,200 coins and a value of approximately $15.709 million, accounting for 85.3% of all sell orders; another 7 orders were located between $58.22 and $58.34, with a value of approximately $2.752 million.

HYPE is currently trading at approximately $55.42. The aforementioned sell orders are 3.4% to 5.3% higher than the current price, and none of them are order to reduce positions. This suggests that the whale is waiting for a price rebound to add to its short position, rather than taking profits and exiting the market. Eight orders have already been partially filled, with a total of approximately 10,400 tokens sold, amounting to approximately $597,000.

The whale is currently shorting approximately 71,900 HYPE tokens with 5x leverage, with a position value of approximately $3.985 million. The average entry price was $57.17, resulting in a floating profit of approximately $126,000 and a return of approximately 15.3%.

If all remaining orders are filled, the short position in HYPE will increase to approximately 392,300 tokens, with an estimated average purchase price of approximately $57.54 and a total position size of approximately $22.572 million.

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According to BlockBeats, on July 28, Bitget data showed that Asia-Pacific stock markets suffered a collective plunge. Following the sharp declines in Japanese and South Korean stock markets, the Shanghai Composite Index fell below the 3800-point mark in late trading, currently down 1.54%. The STAR Market 50 Index fell by more than 7%, the ChiNext Index fell by more than 7.5%, and the Shenzhen Component Index fell by 4.65%.

Changxin C saw its afternoon trading volume exceed 40 billion yuan, and is currently down 4%, with its share price at 47 yuan.

According to BlockBeats, on July 28th, South Korean financial regulators decided to introduce additional regulatory measures, such as an investment cap for individuals, if the overheated investment in single-stock leveraged products fails to subside. Currently, they are focusing on studying a plan to limit individual stock leveraged investments to no more than 20% of total financial investment products.

Today, Lee Eok-won, Chairman of the Financial Services Commission of South Korea, stated at a symposium that the Commission will prioritize closely monitoring the policy effects of supplementary measures, such as the enhanced basic deposit fund, which will be implemented on July 31. Lee also indicated that if demand fails to subside sufficiently, additional measures will be studied and prepared in advance. It is understood that the current proposed solution involves setting overall control rules, limiting the leverage ratio of individual stocks in the total investment amount of personal financial investment products to no more than 20%. For example, if the total investment amount in financial investment products is 100 million won, then a maximum of 20 million won can be invested in a single leveraged stock product.

According to BlockBeats, on July 28, Bitget data showed that the South Korean KOSPI index closed down 732.12 points, or 10.84%, at 6023.63 points. During the session, it fell more than 11% to below 6000 points at one point, and has now fallen nearly 30% this month. SK Hynix fell more than 14%, and Samsung Electronics fell more than 13%.

The Nikkei 225 index closed down 2,566.27 points, or 3.95%, at 62,364.92. Kioxia shares fell more than 18%.