「Suspected Hype Listing Insider Trading」 Whale's Unrealized Losses Narrowed to Over $13 Million, Average Holding Price Reached $38

BlockBeats News, February 27th, according to Hyperinsight monitoring, due to today's HYPE rebound, the "Suspected HYPE Listing Insider Trading" whale address (0x082e...) has seen a continuous narrowing of its HYPE long position floating loss.

Data shows that the position's loss has decreased from $15.33 million to $13.24 million, with the loss percentage narrowing from -201.64% to -165.01%. The current position size is approximately $40.13 million, with an average position price of $38.68, HYPE is currently trading at $29.08, the liquidation price is at $23.89, and no position has been closed since its establishment.

This address had significantly increased its long position on Robinhood on the eve of HYPE's listing, prompting community suspicion of insider trading due to the sensitive timing. As of now, it remains the largest on-chain long position for HYPE and is still in a significant unrealized loss state.