Lookonchain said HYPE long positions are being liquidated as the token’s price declines. The on-chain monitor reported that address 0x1add saw 11,796 HYPE liquidated about one hour earlier, with the position valued at roughly $1.06 million at the time. The address still holds a long position of 47,184 HYPE, worth about $4.24 million, and the new liquidation price stands at $88.5. The update points to ongoing pressure on leveraged HYPE longs as the asset moves lower. ChainCatcher cited the Lookonchain data in its newsflash.
HYPE long positions are being liquidated as the token’s price falls, according to Lookonchain.
The on-chain tracker said address 0x1add had 11,796 HYPE liquidated about one hour earlier, with the position valued at roughly $1.06 million at the time. The address still holds a long position of 47,184 HYPE worth about $4.24 million, and the new liquidation price is $88.5.
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