Data: "Suspected HYPE listing insider whale" has a floating loss of 10 million USD on long positions, while HYPE's largest short seller Abraxas Capital is gradually liquidating

According to HyperInsight monitoring, possibly affected by the upcoming large unlock, HYPE has been continuously declining recently. The "suspected insider trading of HYPE listing" whale (0x082) has seen its HYPE long position turn from profit to loss since the 19th, currently showing a floating loss of about 10.16 million USD (-126%), with a position size of about 40.7 million USD and an average price of 39 USD. It is currently the largest long position holder of HYPE on Hyperliquid.

This address opened a 40 million USD HYPE long position (5x) 5 hours before the announcement of HYPE spot trading on Robinhood on October 23, which led the community to suspect insider information. The STRK long position and PURR long position opened on November 9 were closed on the 22nd, and now only the HYPE long position is held.

Additionally, monitoring shows that the largest short seller of HYPE on Hyperliquid, "Abraxas Capital," has been continuously selling HYPE spot and simultaneously closing HYPE contracts. In the past 2 hours, they have sold a total of 20,000 units, amounting to about 620,000 USD, with the contract closing price being 43 USD, and currently holding 3.8 million USD in spot positions.