Hyperliquid's KAITO Addresses Accumulate $1.17 Million in Unrealized Losses

On Hyperliquid, two addresses holding the largest positions in KAITO have accumulated unrealized losses of $1.17 million and have added margin. On August 3, these two addresses opened a total long position of $6.94 million with 5x leverage during the price decline, with opening prices of $1.1178 and $1.1117 respectively. Among them, the address starting with 0x2be added a margin of 1.953 million USDC half an hour ago, and it remains unclear whether this was intended to reduce liquidation risk or to increase the long position.

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