BlockBeats report, February 27: According to monitoring by Hyperinsight, following today's rebound in HYPE, the floating losses of the long position in HYPE for the suspected insider whale address (0x082e…) have continued to narrow.
Data shows that the loss on this position 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 entry price of $38.68. HYPE is currently trading at $29.08, with a liquidation price at $23.89, and the position has not been closed since inception.
This address significantly went long on HYPE just before its listing on Robinhood, and due to the timing, the community has questioned whether insider information was involved. As of now, it remains the largest long position on the HYPE chain and is still in a substantial unrealized loss.