BlockBeats news, on February 3, according to Coinbob's popular address monitoring, as the price of HYPE has continued to rise from 30 dollars to 38.5 dollars today, the unrealized loss of one of the largest longs on-chain, 'suspected insider trading for HYPE listing,' has significantly narrowed and was close to breaking even at one point. Currently, its 5x leveraged HYPE long position size is about 52 million dollars, with an average price of 38.67 dollars, and an unrealized loss of 1.1 million dollars (-10%), with weekly capital recovery exceeding 15 million dollars.

This address aggressively went long on HYPE before its launch on Robinhood on October 23 last year, and after building the position, it fell below the cost price and has remained in a state of unrealized loss for a long time, without any adjustments or reductions in the position, continuing to 'hold the position' to this day. Previously, its unrealized loss peaked at nearly 26 million dollars, with a liquidation price of about 20.1 dollars, which was only 0.37% away from liquidation in mid to late January.