PANews reported on August 29th that according to on-chain analyst Yu Jin, a whale who previously sold HYPE and went long on ETH has increased its position to 66,700 ETH (US$286 million) by adding margin. The current liquidation price is US$4,214, less than US$100 away from the current ETH price.

He started going long on ETH four days ago and has now lost $26.1 million due to his long ETH position.