ZHIPU's Largest Long Exits With a $2.71 Million Loss as Token Falls
Photo: TokenPost
The largest ZHIPU long on Hyperliquid closed its full position on Oct. 20, realizing a loss of about $2.71 million as the token continued to fall. The account, identified as 0x8b3, closed 74,200 ZHIPU contracts for about $4.54 million. Its average entry was $97.70, putting the exit 37.32% below its cost basis after roughly 39 days in the trade. ZHIPU was quoted at $61.54 on Hyperliquid, down about 3.40% over 24 hours. That price was 33.78% below a $92.90 high reached Oct. 7 and 82.91% below a $360 high on June 22, when ZHIPU first entered on-chain markets.
Source: TokenPost
