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"Suspected insider whale of HYPE listing" has unrealized losses of 10 million dollars on long order, the largest short positions of HYPE, Abraxas Capita, are gradually closing all positions.

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On November 24, according to HyperInsight monitoring, possibly affected by the upcoming large unlock, HYPE has continued to decline recently. The Whale (0x082) suspected of insider trading of HYPE has seen its long positions in HYPE turn from profit to loss since the 19th, with unrealized losses of approximately 10.16 million USD (-126%) and a holdings scale of about 40.7 million USD, with an average price of 39 USD. It is currently the largest long position in HYPE on Hyperliquid. This address opened a 40 million USD long order in HYPE (5x) 5 hours before the announcement of HYPE spot trading on Robinhood on October 23, which was once suspected by the community of having insider information. The STRK long order and PURR long order opened on November 9 were closed on the 22nd, and currently, only the HYPE long order is held. Additionally, according to monitoring, the largest short positions of HYPE on Hyperliquid, “Abraxas Capital,” have been continuously selling HYPE spot and have also been shorting HYPE contracts, having sold a total of 20,000 coins in nearly 2 hours, approximately 620,000 USD, with the spot buy-in price for shorting the contract being 43 USD, currently holding 3.8 million USD in spot holdings.

HYPE0.83%
STRK-12.4%
PURR-0.27%
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