🚨💥A major $HYPE whale is sitting on a steep $15.3M unrealized loss, holding firm despite the pressure.

The wallet 0x082e…ca88 is currently running a 1.38M HYPE long position at 5x leverage, worth roughly $38M, even as HYPE falls to its lowest level since May 21.

The trader entered around $38.67, leaving the position deeply in the red as prices dropped. This has become one of the largest open underwater positions in the HYPE perpetuals market, yet the whale hasn’t trimmed or closed a single unit.

With a liquidation level at $22.16, any additional downside could trigger forced selling and spike volatility across HYPE trading pairs.

Will this whale get liquidated—or is a timely market rebound on the horizon?