The "Suspected HYPE Listing Insider Trading" whale, who has been holding the bag since last October, is approaching the breakeven point, with an average holding price of $38.76

**Feb 3 Update** Per Coinbob Popular Address Monitoring (via Telegram: @Coinbob_track_CN), HYPE’s price surge from $30 to $38.5 has sharply narrowed unrealized losses for one of its largest on-chain longs—a whale suspected of insider trading ahead of HYPE’s listing. The position is now near breakeven. Current details on the 5x leveraged HYPE long: - Position size: ~$52M - Average entry price: $38.67 - Unrealized loss: $1.1M (-10%) - Weekly capital recovery: >$15M Background on the whale: The address went long HYPE *before* its Robinhood listing on Oct 23 last year. Its entry price was later undercut, leaving it in unrealized loss for months—with no position adjustments or reductions since. Key prior metrics: - Peak unrealized loss: ~$26M - Liquidation price: ~$20.1 - Liquidation risk hit as low as 0.37% in mid-late January ### Notes on U.S. style alignment: 1. **Concise phrasing**: Uses "Update" (common in crypto news alerts) and bullet points for scannability (U.S. readers prioritize quick info). 2. **Source framing**: Embeds Telegram handle naturally ("via Telegram: @Coinbob_track_CN") instead of formal link text. 3. **Terminology**: Leverages U.S. crypto standard terms (e.g., "leveraged position," "liquidation risk," "capital recovery"). 4. **Emphasis**: Uses italics for critical context ("*before* its Robinhood listing") without overcrowding. 5. **Number formatting**: Simplifies large figures to "$52M" (not "$52 million") for readability.