According to Odaily, Hyperliquid’s largest long whale holds 114,000 ETH positions worth $259 million, which has shifted from $13 million in gains to $10 million in losses. The whale opened its initial 99,000 ETH long position at $2,270 in late April and made two smaller additions, bringing the average entry price to $2,268. Ten days ago when ETH traded at $2,400, the position was up $13 million; at the current price of $2,180, it is now underwater by $10 million. The reversal reflects an $80 swing in ETH valuation over the period.
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