According to Hyperinsight monitoring on February 27, a whale address (0x082e…) experienced shrinking unrealized losses on its HYPE long position as the token's price rebounded.
Position Updates
Losses decreased from $15.33 million to $13.24 million, with unrealized losses dropping from -201.64% to -165.01%. The current position size is valued at 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. Notably, the whale has not closed any positions since initiation.
Market Context and Community Reactions
This address previously accumulated a large HYPE position just before its Robinhood listing, sparking community speculation about potential insider knowledge. Despite reduced losses, it remains one of the largest open long positions on-chain, still under significant unrealized loss.