「Suspected Listing Hype Insider Trading」 Whale HYPE Long Positions' Unrealized Loss Expanded to $13.7 Million, Liquidation Price $26.15

BlockBeats News, February 11th, according to Coinbob Popular Address Monitor, as the HYPE price continues to fall, one of the largest on-chain bulls "suspected of HYPE listing insider trading" has seen its unrealized losses expand to $13.7 million. The address currently holds a 5x leveraged HYPE long position with a position size of approximately $39.7 million, at an average entry price of $38.67, with the current loss at around 171%.

Recently, the address has been continuously withdrawing collateral from Hyperliquid, causing its liquidation price to be raised from $20 to $26.15. Currently, the margin call is only about 9.1% away. Despite a previous significant surge in HYPE where its position was close to breaking even, the whale has never closed the position.

This address went long on HYPE before its listing on Robinhood on October 23 last year, entered at a price that immediately went below the entry point, and has been in an unrealized loss state for a long time. There has been no adjustment or reduction of the position throughout, continuing to "hodl" to this day. Previously, its peak unrealized loss was close to $26 million, with a liquidation price of around $20.1, and in mid to late January, it was as close as 0.37% away from liquidation.