PANews reported on May 30 that according to monitoring by on-chain analyst Yu Jin, Brother Huang Licheng currently has a floating loss of 1.81 million US dollars on his long HYPE contract.
After buying 200,000 HYPE spot at $29.4 some time ago, he used the contract to buy 530,000 HYPE with 5x leverage, with an average opening price of $35.5. With the price of HYPE falling in the past two days, his long HYPE contract has now lost $1.81 million. However, the 200,000 HYPE he holds in spot still has a profit of $520,000.
