Whale Address Faces Significant Losses on Hyperliquid Platform

On February 6, HyperInsight reported that a whale address on Hyperliquid has been deeply trapped in an ASTER long position for nearly four months. According to BlockBeats, the position was established on October 15 last year at an average price of approximately $1.37. It currently shows a floating loss of about $2.14 million, marking a loss rate of 866%, equivalent to nearly nine times the principal. The current position size is approximately $1.23 million, with a liquidation price set at $0.31. Additionally, the address has recently been actively trading xyz:SILVER (a silver mapping contract) and xyz:XYZ100 (a Nasdaq 100 index mapping contract), often buying high and selling low. The most recent closing record was a SILVER long position closed seven days ago, which had reached a size of $7.86 million and exited with a loss of approximately $1.67 million. After multiple losses, the account's funds have dwindled to around $540,000.