According to on-chain analyst Yu Jin, a whale purchased 900,000 HYPE tokens (HYPE) ten days ago at approximately $45.50, worth a total of $40.26 million. Between last night and this morning, the whale sold all of its HYPE holdings at approximately $43.50, exchanging them for 39.26 million ETH, resulting in a loss of approximately $1.8 million. The whale used the proceeds from the HYPE sale to go long on ETH before last night's drop. With 15x leverage, the whale opened a long position of 51,691 ETH, worth $229 million, at an opening price of $4,630 and a liquidation price of $4,076, resulting in a current loss of $10 million.