Mysterious Whale Withdraws $7M, HYPE Liquidation Price Surges to $25

Whale's Massive Withdrawal Sparks Market Reaction

On January 29, a whale suspected of having insider knowledge started withdrawing around $7M in margin from Hyperliquid, according to HyperInsight monitoring.

This move directly caused the liquidation price of its position to rise from approximately $20 to $25.04, significantly increasing its risk tolerance.

Long-Term Holding Strategy Faces Growing Losses

Well before HYPE officially launched on Robinhood, this whale had already established a substantial position, with an average entry price as high as $38.67.

Currently, it remains the largest HYPE long position on-chain, with a total holding value of about $43.7M. However, unrealized losses have expanded further to about $9.7M, representing a loss ratio of 111%.

Refusing to Adjust Position, Holding Strategy Sparks Discussion

Despite the whale's position having long since fallen below cost and accumulating massive unrealized losses, it has never adjusted or reduced its position, sticking firmly to a 'holding' strategy.

At one point, its unrealized losses peaked close to $26M, drawing continuous market attention to its position movements.