Huang Licheng currently holds a long position on HYPE contract, with a floating loss of 1.81 million US dollars

According to on chain analyst Yu Jin's monitoring, Huang Licheng, the elder brother of Ma Ji, currently has a loss of 1.81 million US dollars on the HYPE long contract. He purchased 200000 HYPE spot goods at a price of $29.4 a while ago, and then extended 530000 HYPE with a 5x leverage using a contract, with an average opening price of $35.5. With the recent correction in HYPE prices in the past two days, his long contract HYPE has now lost $1.81 million. However, he still has a profit of $520000 from the 200000 HYPE he holds in stock.