"Suspected HYPE Listing Insider Trading": Whales Continue to Roll Over and Buy the Dip, Now the Largest XPL Long Position Holder on Hyperliquid

According to HyperInsight monitoring, in the past 4 hours, the "suspected HYPE insider trading" whale (0x082) has continued to increase its 5x leveraged XPL long positions, lowering the average holding price to $0.33, with a total position size reaching $8.22 million. The current unrealized loss is $1.14 million, with a floating loss rate of 70%. Over the past 4 days, this address has continuously added to its XPL long positions against the trend while averaging down the entry price. Its current position size now ranks first on the XPL contract leaderboard on Hyperliquid.

Its main long positions currently are: HYPE $47.14 million, XPL $8.22 million, PURR $500,000. On October 23, this address opened a $40 million HYPE long position (5x) five hours before Robinhood announced the launch of HYPE spot trading, which once led the community to suspect possible insider information.

It is worth noting that another whale address, "Abraxas Capital," is the largest XPL contract short holder on Hyperliquid, with an average holding price of $0.88, a current unrealized profit of $14.1 million, and a return rate exceeding 1000%.