"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 continued to increase the position in its 5x leveraged XPL long order, with the average holding price dropping to $0.33 and a total holding scale of $8.22 million, currently with unrealized losses of $1.14 million, resulting in a floating loss of 70%. This address has been continuously increasing the position in XPL long orders against the trend for 4 days, while lowering the average price, and its current holding scale is ranked first in the XPL contract holdings list on Hyperliquid. Its main long positions currently are: HYPE $47.14 million, XPL $8.22 million, PURR $500,000. This address opened a $40 million HYPE long order (5x) 5 hours before the announcement of HYPE spot trading on Robinhood on October 23, leading the community to suspect whether there was insider information. It is worth noting that another Whale address “Abraxas Capital” has the largest short position in the XPL contract on Hyperliquid, with an average holding price of $0.88, currently with unrealized gains of $14.1 million and a return rate of over 1000%.