Wormhole (W) Drops Over 40% from High, Top Long Position Incurs $894K Floating Loss

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W
$0.01666-14.47%
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Wormhole (W) has fallen over 40% from its October 12 peak, trading at $0.0164 with a 14.3% decline over the past 24 hours. On Hyperliquid, the largest long position—held by address 0x387c—comprises 10.41 million W tokens at 2x leverage, with an average entry price of $0.102. This position has incurred an $894,000 unrealized loss. Position sizing remains a critical factor in managing risk during sharp market movements.
ME AI message, according to TradingBeats monitoring, W is currently trading at approximately $0.0164, down about 14.3% over the past 24 hours, and has declined more than 40% from its recent high on October 12.

The largest long position on Hyperliquid, with the address starting in 0x387c, holds approximately 10.41 million W longs with 2x full-collateral leverage, at an average entry price of about $0.102, resulting in an unrealized loss of approximately $894,000.

(Source: BlockBeats)
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