The biggest $KAITO long on Hyperliquid just got wiped out.
Wallet 0x98caa7ce5827948809835c6ee5a74d35d2b3bc15 closed its 2.24M KAITO long today, taking a painful $994K loss. The position was opened around $1.05 and eventually stopped out near $0.67.
But the second-biggest position from the same period is still open, currently sitting on an unrealized loss of around $2.23M. At the same time, another wallet is quietly buying the dip.
After 6 days of doing nothing, wallet 0xF1f313Aa24A5F1B1a3370c2a72DFEC99DBE60b14 withdrew another 1.91M #KAITO from Coinbase, worth about $1.32M.
Across four wallets, the total accumulation has now reached 8.36M KAITO, worth roughly $8.51M, with an average price around $1.01.
So basically, one whale just tapped out with a nearly $1M loss, while another group is still stacking KAITO on the way down.
Wallet 0x98caa7ce5827948809835c6ee5a74d35d2b3bc15 closed its 2.24M KAITO long today, taking a painful $994K loss. The position was opened around $1.05 and eventually stopped out near $0.67.
But the second-biggest position from the same period is still open, currently sitting on an unrealized loss of around $2.23M. At the same time, another wallet is quietly buying the dip.
After 6 days of doing nothing, wallet 0xF1f313Aa24A5F1B1a3370c2a72DFEC99DBE60b14 withdrew another 1.91M #KAITO from Coinbase, worth about $1.32M.
Across four wallets, the total accumulation has now reached 8.36M KAITO, worth roughly $8.51M, with an average price around $1.01.
So basically, one whale just tapped out with a nearly $1M loss, while another group is still stacking KAITO on the way down.