Oh, the tragedy! A HYPE bull, 0x082e, now down $17.47M, pours $2.4M USDC into the abyss to stave off liquidation. What a melodrama!
A grand HYPE holder on Hyperliquid, in a fit of desperation, faces losses as the market dances with volatility. A tale of woe, indeed.
The trader, linked to wallet 0x082e, now mourns $17.47 million on a 1.38 million HYPE long position, which once soared to $35.9 million. How the mighty fall!
On-chain data reveals fresh deposits, a heroic attempt to avert liquidation as prices swing like a pendulum of doom.
Whale Deposits $2.4M USDC to Avoid Liquidation
Blockchain whispers that the trader, on February 24, 2026, sent $2.4 million in USDC to Hyperliquid-a noble act to bolster margin levels. A tragic hero, indeed.
The funds, a lifeline, lowered the liquidation price to a cruel $23.91. A new low for this beleaguered bull.
The biggest bull, 0x082e, now down $17.47M on his 1.38M ($35.9M) long.
Today, he deposited another 2.4M into Hyperliquid to avoid liquidation.
New liquidation price: $23.91.
– Lookonchain (@lookonchain)
This wallet, a titan among HYPE longs, now weeps with the crowd. Reports claim he actively manages collateral, a Sisyphus of crypto.
The position, once exceeding 1.3 million HYPE tokens, now hovers near $35.9 million. A shadow of its former glory.
At various points, the exposure danced between $36 million and $45 million. Now, it’s a mere $35.9 million. How the tides turn!
Position Size Adjusted After Price Rebound
After HYPE rebounded above $30, the bull trimmed his position, a strategic retreat. From $46 million to $26 million-what a tale of caution!
The unrealized loss, a staggering $17 million, now looms like a specter. Yet, the trader clings to his core position, a stubborn soul.
Margin adjustments, not a full exit-how pragmatic! Hyperliquid’s transparency allows public scrutiny, as one observer quips, “The wallet continues to defend the position with fresh collateral.” No official statement, of course.
Related Reading: Whale Adds $1.2M to Save 5x $HYPE Long on HyperLiquid
Market Volatility and Historical Liquidations
HYPE, once proud, now lags 15.40% in seven days. Yet, it trades above late 2024 lows-a flicker of hope for the desperate.
Price swings, a tempest for leveraged positions. The current plight echoes October 2025, when Hyperliquid saw over $10 billion in liquidations. A haunting memory.
Since then, large traders have danced with margin requirements. The latest case? A testament to risk management, not surrender. Market watchers, ever vigilant, track HYPE’s every move.
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2026-02-24 15:03