Trader Huang Licheng has fully exited his long position in HYPE, incurring a total loss of $5.6 million. According to HyperInsight Monitoring, the sell-off began on the evening of January 19 and continued for nearly 10 hours. Initially, the position was valued at $2.82 million, with a floating loss of 85%. By the morning of January 20, the cumulative value of the reduced positions was approximately $2.41 million, and the remaining $1.187 million was also liquidated. Huang Licheng, known for his early success in trading blue-chip NFTs, has faced significant financial setbacks since re-entering the market in October. His account balance has plummeted from over $100 million, highlighting the volatility and risks associated with cryptocurrency trading.
Trader Huang Licheng Exits HYPE Position with $5.6M Loss
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