A whale has gone heavily long on HYPE at the $38.6 level, directly investing 1.38 million tokens, with a total value exceeding $41.36 million.
The result? They are already down $12.01 million on paper. Even more intense, the liquidation price for this position is locked at $23.7—meaning if HYPE drops another 38% or so, this massive long position will be liquidated.
If a position of this size gets force-liquidated, it could have a significant impact on market liquidity. It’s worth keeping a close eye on HYPE’s upcoming price action and this address’s movements.
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MetaEggplant
· 12-08 04:53
Wow, this guy must be feeling terrible, lost 12 million after putting in over 40 million...
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If HYPE really drops below 23.7 this time, it'll be a domino effect, and liquidity will disappear instantly.
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I just want to know if this dude is praying right now or smashing his phone?
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How many retail investors will get wiped out along with this kind of liquidation...
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At this rate, a 38% drop isn't impossible. Let's see how many more days HYPE can hold out.
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PumpDoctrine
· 12-08 04:53
Damn, spent over $40 million at $38.6, now directly down $12 million? This whale is seriously bold—no, not bold, just foolish.
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ZkProofPudding
· 12-08 04:53
Oh my, this guy is really throwing money around... over 40 million all-in at once.
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RooftopVIP
· 12-08 04:53
Another big sucker, put in over 40 million and lost 12 million right away. What’s the point of this? Seriously.
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StableGenius
· 12-08 04:50
ngl this is exactly what happens when whales confuse conviction with recklessness... 38% drop til liquidation? that's not a margin trade, that's a leverage roulette wheel. empirically speaking, these cascading liquidations are how flash crashes actually happen.
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SchroedingerMiner
· 12-08 04:44
Oh no, it's another story of buying at the top. Threw in $41.36 million and now down $12.01 million—this must hurt so much.
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GateUser-7b078580
· 12-08 04:41
Data shows this guy directly incurred a loss of 12.01 million... Let's wait and see if it can rebound to the historical low. However, the liquidation line at 23.7 is a bit risky—if you look at it on an hourly basis, he might not make it through this round of decline.
A whale has gone heavily long on HYPE at the $38.6 level, directly investing 1.38 million tokens, with a total value exceeding $41.36 million.
The result? They are already down $12.01 million on paper. Even more intense, the liquidation price for this position is locked at $23.7—meaning if HYPE drops another 38% or so, this massive long position will be liquidated.
If a position of this size gets force-liquidated, it could have a significant impact on market liquidity. It’s worth keeping a close eye on HYPE’s upcoming price action and this address’s movements.