"Suspected inside story of HYPE listing": whale unrealized losses still exceed $13 million after narrowing, with an average holding price of $38.

On February 27, according to Hyperinsight monitoring, due to the rebound of HYPE today, the floating loss of the long position in HYPE held by the whale address (0x082e…) suspected of being involved in the listing of HYPE continued to narrow. Data shows that the loss on this position has decreased from $15.33 million to $13.24 million, and the loss margin has narrowed from -201.64% to -165.01%. The current position size is approximately $40.13 million, with an average holding price of $38.68. HYPE is currently trading at $29.08, and the liquidation price is $23.89. The position has not been closed since it was established. This address had long invested in HYPE before its listing on Robinhood, raising concerns from the community about potential insider trading due to the sensitive timing. As of now, it remains the largest long position on the HYPE chain and is still experiencing significant unrealized losses.