[Suspected HYPE Insider Whale Faces Over $10 Million in Unrealized Losses on Long Positions, Largest Short Continues to Liquidate] On November 24, according to monitoring by HyperInsight, the suspected insider whale address (0x082) related to HYPE token listing has seen its HYPE long position turn from profit to loss since November 19. It currently has an unrealized loss of approximately $10.16 million (-126%) with a position size of about $40.7 million at an average price of $39. This address is the largest long position holder of HYPE on Hyperliquid. On October 23, five hours before Robinhood launched HYPE spot trading, the address opened a $40 million HYPE long position (5x leverage). Previously opened long positions in STRK and PURR were closed on November 22, leaving only the HYPE long position. Additionally, monitoring shows that Abraxas Capital, the largest short position holder of HYPE on Hyperliquid, has been continuously selling HYPE spot and closing short contracts in recent days. Over the past two hours, it has sold a total of 20,000 HYPE tokens, equivalent to approximately $620,000, leaving a remaining spot position of $3.8 million.