Two new addresses opened 5x long positions on KAITO in the early morning, becoming the largest position for the token on Hyperliquid, and are now facing an unrealized loss of nearly $1 million.
2026.08.03 09:53:33
According to on-chain analyst Ai Yi (@ai_9684xtpa), two new addresses opened a cumulative 5x long position in KAITO worth $6.94 million (notional value: $7.106 million) on Hyperliquid in the early hours of today, becoming KAITO’s two largest positions. Both addresses sourced their margin from OKX. KAITO has plunged nearly 20% in the past 24 hours, rapidly trimming its month-to-date gains, leaving the two addresses with an unrealized loss of $991,000.
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