Address 0x9D26f... fF bought HYPE yesterday and lost $5.5 million today

On chain data shows that the address 0x9D26f... fF bought 1.243 million HYPEs for $41.32 million yesterday, with an average price of $33.2. Today, the HYPE price has rebounded, and the address has started selling at a price of $28.8. If sold in full, it is expected to lose $5.5 million. (Ashes)