A whale trading HYPE was liquidated for about $1.06 million as the token’s price moved lower, according to on-chain tracker Lookonchain. The liquidation involved 11,796 HYPE from one address roughly an hour before the report was published. The same address still holds a long position of 47,184 HYPE, valued at about $4.24 million. Lookonchain data also showed that the position’s new liquidation price stands at $88.50. The update came in a Sept. 28 report cited by BlockBeats, which said long HYPE positions were continuing to face liquidation pressure as the asset declined.
HYPE long positions continued to be liquidated as the token fell in price, according to a Sept. 28 update cited by BlockBeats from on-chain tracker Lookonchain.
On-chain data showed that one address was liquidated for 11,796 HYPE about an hour earlier, worth roughly $1.06 million. The address still holds a long HYPE position of 47,184 tokens, valued at about $4.24 million, with a new liquidation price of $88.50.
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