Two new addresses initiated a 5x long position on KAITO in the early morning, becoming the largest holders of this coin on Hyperliquid. They are currently facing a paper loss of nearly a million US dollars.

BlockBeats News, August 3rd, according to on-chain analyst Ai Auntie (@ai_9684xtpa), two new addresses opened a total of $6.94 million 5x long positions (for $7.106 million in total) on Hyperliquid early this morning, becoming the top two largest positions in KAITO. The margin sources for both positions are from OKX.

KAITO has experienced a nearly 20% crash in the past 24 hours, causing a rapid narrowing of this month's gains. These two addresses are currently facing a combined unrealized loss of $991,000.