KAITO’s Biggest Long Gets Wiped Out
The biggest $KAITO long on Hyperliquid has just been closed at a heavy loss.
Wallet 0x98c...bc15 closed a 2.24M KAITO long, taking an estimated $994K loss. The position was opened around $1.05 before being stopped near $0.67.
Meanwhile, the second-largest position from the same period remains open, currently sitting on an unrealized loss of roughly $2.23M.
But while one whale is capitulating, another group appears to be buying the dip.
After six days of inactivity, wallet 0xF1f...0b14 withdrew another 1.91M KAITO (~$1.32M) from #Coinbase.
Across four wallets, accumulated holdings have now reached 8.36M KAITO, worth around $8.51M, with an average acquisition price near $1.01.
KAITO is showing a clear battle between forced sellers and dip buyers. One major long has already taken a nearly $1M loss, while other large wallets continue accumulating despite the price decline.
The biggest $KAITO long on Hyperliquid has just been closed at a heavy loss.
Wallet 0x98c...bc15 closed a 2.24M KAITO long, taking an estimated $994K loss. The position was opened around $1.05 before being stopped near $0.67.
Meanwhile, the second-largest position from the same period remains open, currently sitting on an unrealized loss of roughly $2.23M.
But while one whale is capitulating, another group appears to be buying the dip.
After six days of inactivity, wallet 0xF1f...0b14 withdrew another 1.91M KAITO (~$1.32M) from #Coinbase.
Across four wallets, accumulated holdings have now reached 8.36M KAITO, worth around $8.51M, with an average acquisition price near $1.01.
KAITO is showing a clear battle between forced sellers and dip buyers. One major long has already taken a nearly $1M loss, while other large wallets continue accumulating despite the price decline.