The biggest $KAITO long on Hyperliquid is under pressure, but the whale isn't backing down.
The wallet holding Hyperliquid's largest #KAITO long just added 1.953M USDC in margin about 30 minutes ago. Back on August 3, two newly created wallets opened a combined $6.94M in 5x leveraged KAITO longs during the market dip, with average entry prices of $1.1178 and $1.1117.
The trades haven't gone their way so far. Together, the two positions are now sitting on an unrealised loss of around $1.17M. It's still unclear whether the fresh margin was added simply to push the liquidation price lower or if the trader is preparing to increase the position. Either way, these two wallets remain among the largest and most closely watched KAITO bulls on Hyperliquid.
Addresses👇
0x2be36273621233a0d2ae8504af15b56ee1cf8082 0x98caa7ce5827948809835c6ee5a74d35d2b3bc15
The wallet holding Hyperliquid's largest #KAITO long just added 1.953M USDC in margin about 30 minutes ago. Back on August 3, two newly created wallets opened a combined $6.94M in 5x leveraged KAITO longs during the market dip, with average entry prices of $1.1178 and $1.1117.
The trades haven't gone their way so far. Together, the two positions are now sitting on an unrealised loss of around $1.17M. It's still unclear whether the fresh margin was added simply to push the liquidation price lower or if the trader is preparing to increase the position. Either way, these two wallets remain among the largest and most closely watched KAITO bulls on Hyperliquid.
Addresses👇
0x2be36273621233a0d2ae8504af15b56ee1cf8082 0x98caa7ce5827948809835c6ee5a74d35d2b3bc15