[HYPE Whale Long Position Faces $10.16M Unrealized Loss, Largest Short Seller Abraxas Capital Continues Liquidation] According to monitoring by HyperInsight, the HYPE token has been on a downward trend recently, possibly due to the impact of an upcoming large-scale unlock. The 'suspected insider trading of HYPE listing' whale address (0x082) has seen its HYPE long position turn from profit to loss since November 19, with an unrealized loss of approximately $10.16 million (-126%). The position size is around $40.7 million, with an average entry price of $39, making it the largest long position on the Hyperliquid platform for HYPE. This address had previously opened a $40 million long position (5x leverage) five hours before Robinhood announced the listing of HYPE spot trading on October 23, sparking community speculation about whether it had access to insider information. Additionally, the largest short seller of HYPE on the Hyperliquid platform, 'Abraxas Capital,' has recently been selling off HYPE spot holdings and closing HYPE contracts. Over the past two hours, it has sold a total of 20,000 HYPE tokens, worth approximately $620,000, with a spot purchase price of $43. It currently holds $3.8 million worth of spot positions. Previously reported, Hyperliquid is set to unlock $308 million worth of HYPE for the first time on November 29, accounting for 2.66% of the circulating supply.