「Suspected Listing Hype Insider Trading」 Whale HYPE Long Positions' Unrealized Loss Expanded to $13.7 Million, Liquidation Price $26.15

February 11 – Per the Coinbob Popular Address Monitor, as HYPE’s price continues to decline, one of the largest on-chain whales (suspected of HYPE listing insider trading) has seen unrealized losses widen to $13.7 million. The address currently holds a 5x leveraged long position on HYPE: position size ~$39.7 million, average entry price $38.67, and current unrealized losses of ~171%. Recently, the whale has repeatedly withdrawn collateral from Hyperliquid, pushing its liquidation price up from $20 to $26.15. It now sits just 9.1% away from a margin call. Notably, even when HYPE previously surged sharply (nearly letting the whale break even), it never closed the position. Background: The whale went long on HYPE **before its October 23 Robinhood listing last year** – its entry price was immediately breached, and it’s remained in unrealized loss territory ever since, with no position adjustments or reductions (continuing to "hodl" to date). Its peak unrealized loss neared $26 million (liquidation price ~$20.1), and in mid-to-late January, it was as close as 0.37% from liquidation.