KAITO has plunged 67.3% in half a month, falling from a July 29 high of $1.3764 to $0.45, according to on-chain analyst Ai Yi. Two addresses that opened 5x long positions worth $6.94 million on Hyperliquid on August 3 have stopped out, incurring combined losses of $2.874 million. The sharp drawdown highlights the toll on leveraged traders during the recent selloff.
According to on-chain analyst Ai Yi, KAITO has plunged 67.3% in half a month, with the price sliding from a July 29 high of $1.3764 to $0.45. Two wallets that opened a combined $6.94 million in 5x long positions on Hyperliquid on August 3 have each stopped out, resulting in total losses of $2.874 million.
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