According to ChainCatcher, HyperInsight monitoring data shows that since the price of HYPE broke through $34 last night, a suspected large whale with inside information on HYPE's listing has gradually withdrawn about $7 million in released margin from Hyperliquid. This operation has raised the liquidation price of its position from around $20 to $25.04. The address had heavily gone long on HYPE before it was listed on Robinhood, with an average opening price of $38.67. It is currently the largest holder of HYPE on-chain, with a position size of approximately $43.7 million. Today, its floating loss slightly increased to about $9.7 million, representing a loss of 111%. Notably, since its position dropped below the cost price and incurred significant floating losses, the address has never adjusted or reduced its position, consistently choosing to "hold the position." Previously, its floating loss had once peaked near $26 million.
HYPE Top Bull Whale Withdraws $7M Margin, Raises Liquidation Price to $25.04
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Summary
Whale activity on Hyperliquid shows a top HYPE bull whale has withdrawn $7 million in margin as the token price climbed past $34. The move pushed the whale's liquidation price to $25.04 from around $20. The address, which bought HYPE before its Robinhood listing at $38.67, holds a $43.7 million position. Floating loss now stands at $9.7 million, an 111% drop from peak. Whale movement remains unchanged, with no position adjustments despite losses.
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