Suspected HYPE Listing Insider Whale Becomes Top XPL Long on Hyperliquid

Based on AiCoin, a suspected HYPE listing insider whale address (0x082) has been continuously adding XPL perpetual futures long positions with 5x leverage over the past 4 hours, lowering the average holding price to $0.33, with a total position size of $8.22 million. The position is currently floating at a $1.14 million loss, with a loss rate of 70%. The address has been persistently accumulating XPL longs against the market trend over four days and is now the top XPL futures holder on Hyperliquid. The address also holds significant long positions in HYPE ($47.14 million) and PURR ($500,000). Previously, on October 23, the address opened a $40 million HYPE long (5x leverage) five hours before Robinhood listed HYPE, sparking community speculation about insider information. Meanwhile, the largest XPL short on Hyperliquid is held by 'Abraxas Capital,' with an average price of $0.88 and a floating profit of $14.1 million, yielding a return of over 1,000%.