The HYPE Whale, a major long position holder, withdrew a $7 million collateral, pushing the liquidation price up to $25

BlockBeats News, January 29th, according to HyperInsight monitoring, since last night when the HYPE price broke through $34, a 「suspected HYPE listing insider trading」 whale has successively withdrawn the released collateral of about $7 million from Hyperliquid. This operation raised its liquidation price from about $20 to $25.04.

This address had taken a large long position before HYPE was listed on Robinhood. Its average entry price was as high as $38.67 and it still holds the largest on-chain HYPE long position, with a position size of about $43.7 million. Today, the floating loss has slightly increased to about $9.7 million, with a loss percentage of 111%.

It is worth noting that since its position fell below the cost price and incurred a significant floating loss, this address has never rebalanced or reduced its position, always choosing to 「hodl」. Previously, its peak floating loss once approached $26 million.