HYPE's Largest Bull Withdraws $8.4 Million Margin, Liquidation Price Rises to $41.3

On May 21, according to monitoring by Hyperinsight, in the past 24 hours, the largest bull of HYPE, suspected of having insider information on HYPE's listing, has significantly withdrawn $8.4 million in released margin after seeing substantial unrealized gains in their position. This withdrawal caused the liquidation price to rise from $37.9 to $41.3, betting that the price will not drop back to that level in the short term. Currently, this address is holding 1.38 million HYPE with 5x leverage, with a position value of approximately $78.3 million, an average entry price of $38.67, and unrealized gains of $24.8 million (+158%). Since HYPE rebounded from its low of $20.4 in January, each significant rise has been accompanied by large withdrawals of unrealized margin, totaling over $20 million. The liquidation price has also been adjusted upwards from a low of $20.1. This position was established with significant long positions on October 23 of last year, just before HYPE was listed on Robinhood. In the following 10 days, HYPE rose from $38 to $50, but this address did not take profits. Address: 0x082e843a431aef031264dc232693dd710aedca88