HYPE whale loses $2.02 million in a month from staking
- 139,050 HYPE, valued at $10.95 million at approximately $78.80 per token, is entirely delegated to the Infinitefield node. Its paper value has fallen by $2.02 million over 30 days, a drawdown of 18.5%.
- The same address also holds a $202,000 10x long position in CXMT, SKHX, and LYTE, with an unrealized loss of $36,500. Its cumulative historical profits from perpetual futures total $7.22 million, but this market move has wiped out nearly 30% of them.
Staked tokens cannot be sold immediately; unstaking requires going through a queue. Any price rebound will first bring selling pressure from these high-cost positions as they unstake. In the short term, watch how well HYPE holds the $70–$75 range. If it fails to hold, the price may continue lower in search of liquidity.
Would you dare to place a bid for HYPE at $70?
$HYPE $BTC $ETH
- 139,050 HYPE, valued at $10.95 million at approximately $78.80 per token, is entirely delegated to the Infinitefield node. Its paper value has fallen by $2.02 million over 30 days, a drawdown of 18.5%.
- The same address also holds a $202,000 10x long position in CXMT, SKHX, and LYTE, with an unrealized loss of $36,500. Its cumulative historical profits from perpetual futures total $7.22 million, but this market move has wiped out nearly 30% of them.
Staked tokens cannot be sold immediately; unstaking requires going through a queue. Any price rebound will first bring selling pressure from these high-cost positions as they unstake. In the short term, watch how well HYPE holds the $70–$75 range. If it fails to hold, the price may continue lower in search of liquidity.
Would you dare to place a bid for HYPE at $70?
$HYPE $BTC $ETH