HYPE Top Whale Withdraws $7M Margin, Raises Liquidation Price to $25

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HYPE
$83.31-3.84%
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Whale activity on Hyperliquid saw a top HYPE whale withdraw $7 million in margin on January 29, pushing the liquidation price to $25.04. The whale, the largest on-chain holder, had bought heavily before the Robinhood listing at $38.67. With the price now down, the position faces a $9.7 million loss. Whale movement remains a key indicator for traders as the position remains untouched despite the drawdown.

BlockBeats News, January 29, according to... HyperInsight Monitoring It is reported that since HYPE's price broke above $34 last night, a "suspected HYPE listing insider" whale has gradually withdrawn approximately $7 million in released collateral from Hyperliquid. This action has shifted the whale's liquidation price from around $20 up to $25.04.


This address had heavily gone long before HYPE was listed on Robinhood. Its average entry price was as high as $38.67, and it is still the largest HYPE long position holder 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%.


It is worth noting that since the position of this address 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 maximum floating loss approached $26 million.

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