Suspected HYPE Whale floating loss expands to 17.2 million US dollars, lowering liquidation line to 23.9 US dollars

On February 24th, Coinbob's popular address monitoring showed that as the price of HYPE continued to decline, the largest bull on the chain, the "suspected HYPE insider" whale, had a floating loss of $17.2 million. Last night to this morning, the giant whale deposited a total of $2.4 million in margin in three installments, lowering the clearing line from $26.15 to $23.9. The address holds multiple HYPE positions with 5 times leverage, with a holding size of approximately 36.18 million US dollars and an average opening price of 38.67 US dollars. The current loss margin is about 237%, and there is only about 2.2% space left before the liquidation line. The giant whale has been in a floating loss state for a long time since HYPE launched Robinhood on October 23 last year. During this period, it did not adjust or reduce its position. The peak floating loss was close to 26 million US dollars, and the lowest liquidation price was about 20.1 US dollars.