Crypto Trader Loses $28 Million HYPE Token Profit in 4 Days, Lookonchain Reports
- A crypto trader converted a $27.88M HYPE token profit into a $105K loss in four days.
- Lookonchain identified the highly leveraged trade, labeling the trader a “gambler.”
- HYPE token fell 21.5% from its ATH, then saw an 8.6% price rebound from support.
A cryptocurrency trader has caught users’ attention after on-chain data showed the individual experienced a massive loss within four days of trading HYPE, the native token of the Hyperliquid decentralized exchange.
In their latest post on X, the blockchain analysis platform Lookonchain revealed that the traders went from $27.88 million in profits to a $105,000 loss within the period under review.
Lookonchain Flags Trader’s High-Leverage “Gamble”
Lookonchain described the unidentified trader’s activity as that of a “gambler,” considering the trading pattern and the conditions under which he made such a massive loss.
Many crypto users criticized the trader’s approach and…
The post Crypto Trader Loses $28 Million HYPE Token Profit in 4 Days, Lookonchain Reports appeared first on Coin Edition.
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Crypto Trader Loses $28 Million HYPE Token Profit in 4 Days, Lookonchain Reports
- A crypto trader converted a $27.88M HYPE token profit into a $105K loss in four days.
- Lookonchain identified the highly leveraged trade, labeling the trader a “gambler.”
- HYPE token fell 21.5% from its ATH, then saw an 8.6% price rebound from support.
A cryptocurrency trader has caught users’ attention after on-chain data showed the individual experienced a massive loss within four days of trading HYPE, the native token of the Hyperliquid decentralized exchange.
In their latest post on X, the blockchain analysis platform Lookonchain revealed that the traders went from $27.88 million in profits to a $105,000 loss within the period under review.
Lookonchain Flags Trader’s High-Leverage “Gamble”
Lookonchain described the unidentified trader’s activity as that of a “gambler,” considering the trading pattern and the conditions under which he made such a massive loss.
Many crypto users criticized the trader’s approach and…
The post Crypto Trader Loses $28 Million HYPE Token Profit in 4 Days, Lookonchain Reports appeared first on Coin Edition.
Read More