Machi Increases HYPE Long Position, Floating Loss Hits $330K

On Feb 16, on-chain data from HyperInsight revealed a series of trading activities linked to the crypto address of well-known investor Machi. The wallet recently closed some VVV long positions with a small profit, indicating a strategic shift.

Leverage Moves and Floating Losses

The address then increased its exposure to HYPE, opening a 13,888.88 token long position with 10x leverage, which is currently underwater by $0.44K. Additionally, it took a more aggressive 25x leveraged bet on ETH by buying 5,250 tokens, suffering a floating loss of $32.6K.

• HYPE long with 10x leverage: 13,888.88 tokens, $0.44K floating loss
• ETH long with 25x leverage: 5,250 tokens, $32.6K floating loss