PANews reported on September 1st that according to on-chain analyst Yu Jin, a whale who sold HYPE and went long on ETH reduced his ETH long position from 86,800 ETH to 50,000 ETH during the three-day decline to avoid liquidation. After the ETH price stabilized, he slowly began to increase his position again. After the most recent increase five hours ago, his ETH long position has rebounded from 50,000 ETH to 78,500 ETH, once again the largest single position on Hyperliquid.

The whale's current long position of 78,500 ETH is worth $344 million, with a liquidation price of $4,297. He started buying ETH on the 25th and has lost $23 million in the past week.