A large leveraged position on Hyperliquid is drawing attention after its holder added more collateral. On-chain monitor @ai_9684xtpa reports that the address behind the largest KAITO position on Hyperliquid has deposited additional margin. The two accounts currently show a combined unrealized loss of $1.17 million. On August 3, two new addresses opened a 5x leveraged long position totaling $6.94 million while the token price was declining. Their entry prices were $1.1178 and $1.1117 per KAITO. About half an hour ago, the wallet beginning with 0x2be added 1.953 million USDC as margin. It remains unclear whether this was intended to reduce the risk of liquidation or to increase the long position. The monitor shared the details in a post on X, noting that the two addresses were newly created when the trade was opened. The total unrealized loss has reached $1.17 million across both accounts, according to the same data. The information was published as a 7x24 flash update.
An address behind the largest KAITO position on Hyperliquid has added margin as the trade moves against it, according to on-chain monitor @ai_9684xtpa. The two accounts linked to the position now face a combined unrealized loss of $1.17 million.
The position was built on August 3 by two new wallets while KAITO's price was falling. Together they opened a 5x long, with total notional value reaching $6.94 million. Entry prices were recorded at $1.1178 and $1.1117.
Around 30 minutes before the update, the wallet starting with 0x2be topped up its margin with 1.953 million USDC. Whether the move is meant to fend off liquidation or to pile into more upside remains unclear.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
