An address added $1.5 million to its HYPE position to lower the average price, and is currently experiencing a paper loss of $95,000.
TL;DR
An investor added $1.5 million to HYPE holdings to lower the average cost to $25.61, now holding 150,000 HYPE worth $3.844 million with a $95,000 paper loss. They also opened a $7 million ZEC position.
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PANews reported on January 15 that, according to on-chain analyst @ai_9684xtpa, address 0x519…96a47 added $1.5 million to its HYPE holdings to lower the average price.
Five hours ago, he deposited 2.64 million USDC into Hyperliquid, then transferred 1.5 million to his spot account and bought 59,431.49 HYPE at an average price of $25.24. With this, he has accumulated 150,000 HYPE (total value of $3.844 million), with an average cost of $25.61, and is currently experiencing a floating loss of $95,000.
In addition, he also opened an extra $7 million worth of ZEC.