A Whale Investor Holds a Significant Amount of a Meme Coin for Over a Year, Facing a Deep Loss of Over $8.5 Million amid Bear Market

BlockBeats News, May 13th, according to Hyperinsight monitoring, a whale with an address starting with 0x655 went long with 1x leverage on multiple meme coins such as TON, LDO, ONDO, ENA, WLFI on Hyperliquid. All positions have been held for over 200 days, with several coins being held for over a year.

Amidst the continued bearish trend, the total unrealized loss of this address has exceeded $7.2 million, further exacerbated by a cumulative $1.33 million loss from funding fee settlements, bringing the total loss to over $8.53 million. Despite the 1x leverage protecting it from liquidation risk, the funding fees have been gradually eroding the principal.

Among the positions held for a year, the largest loss was seen in the STBL position, while the most resilient position was TON, with the peak loss reaching $10.3 million, which has slightly narrowed recently.

Address: 0x6555e1cc97d3cba6eaddebbcd7ca51d75771e0b8