Hyperliquid Whale Cuts Losses on LITE and MRVL Positions

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LITE
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MRVL
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Whale activity on Hyperliquid shows signs of recovery as a major holder reduces losses on LITE and MRVL positions. The whale holds 1,504.2 LITE longs at 3x leverage, valued at $1.387 million, with a $23,400 profit and a 5.14% return. Meanwhile, 4,288.5 MRVL longs, valued at $1.0002 million, show a $48,000 loss, or -13.8%. Over the past 24 hours, floating P&L improved by $165,600, reducing total losses to $24,900. Traders are monitoring key support and resistance levels for potential follow-through.

Odaily Planet Daily reports that a Hyperliquid whale holds two long positions in Light Interconnect, with a combined position value of approximately $2.3879 million. Over the past 24 hours, the unrealized profit and loss improved by about $165,600, reducing the overall loss to approximately $24,900.

Among these, the whale holds a 3x isolated position of 1,504.2 LITE long contracts, valued at approximately $1.387 million, with an average entry price of $907; at the current price, this position yields a profit of approximately $23,400, representing a return rate of about 5.14%. The whale also holds 4,288.5 MRVL long contracts, valued at approximately $1.0002 million, with an average entry price of $244.40; at the current price, this position incurs a loss of approximately $48,000, representing a return rate of about -13.8%.

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