On-chain ATH Long Unrealized Loss still at $8.7M, with an average entry price of $38.67 before.

BlockBeats News, January 28th, according to HyperInsight monitoring, as the HYPE price rose to $32 today, the majority of on-chain major long positions have realized significant profits. However, the "Suspected HYPE Listing Insider Trading" whale is still deeply underwater.

This address went long on HYPE before its listing on Robinhood, causing the community to question if it had insider information. Its average entry price was as high as $38.67, and today the unrealized loss has narrowed from about $16 million (-265%) yesterday to about $8.7 million (-95%), making it the largest on-chain long position in HYPE with a position size of around $44.8 million.

Of note, since its position fell below the cost price and suffered a substantial unrealized loss, this address has not adjusted or reduced its position and has continued to hold. Previously, its peak unrealized loss reached $26 million and once approached the liquidation price near $20.