The "Suspected HYPE Listing Insider Trading" whale, who has been holding the bag since last October, is approaching the breakeven point, with an average holding price of $38.76

BlockBeats News, February 3rd, according to Coinbob Popular Address Monitoring, with the HYPE price today rising from $30 to $38.5, one of the largest on-chain longs, the "suspected HYPE listing insider trading" whale, has significantly reduced unrealized losses, coming close to breakeven. Currently, its 5x leveraged HYPE long position is around $52 million, with an average price of $38.67, unrealized loss of $1.1 million (-10%), and weekly fund recovery exceeding $15 million.

The address went long on HYPE before its listing on Robinhood on October 23 last year, entered at a price that later fell below its cost and remained in an unrealized loss state for a long time. During this period, there were no position adjustments or reductions, and the position has been held to date. Previously, its peak unrealized loss was close to $26 million, with a liquidation price of about $20.1. In mid to late January, the liquidation was once as close as 0.37%.