"Suspected HYPE listing insider" Whale continues to rollover and buy the dip, has become the largest contract long positions market maker on Hyperliquid's XPL.

According to HyperInsight monitoring, in the past 4 hours, a suspected “HYPE listing insider” Whale (0x082) has continuously increased the position of its 5x leveraged XPL long order, with an average holding price dropping to $0.33, and the holding scale reaching $8.22 million, currently having unrealized losses of $1.14 million, with a floating loss of 70%. This Address has continuously increased the position of XPL long order against the trend in the past 4 days, while lowering the average price, and the current holding scale has topped the XPL contract holding list on Hyperliquid. Its main long positions are currently: HYPE $47.14 million, XPL $8.22 million, PURR $500,000. This Address opened a $40 million HYPE long order (5x) 5 hours before Robinhood announced the launch of HYPE spot trading on October 23, leading the community to suspect insider information. It is worth noting that “Abraxas Capital” has the largest short position on the XPL contract on Hyperliquid, with an average holding price of $0.88, currently having unrealized gains of $14.10 million, with a return rate exceeding 1000%.