HYPE's long positions, held by whales, have suffered a floating loss of $10.16 million, while the largest short seller, Abraxas Capital, continues to liquidate its positions.

HYPE tokens may continue to fall due to a large unlock, with whale 0x082's long position showing a floating loss of $10.16 million. Whale 0x082 was previously suspected of insider trading for accumulating positions before Robinhood's launch. The largest short seller, Abraxas Capital, continues its sell-off, and Hyperliquid will unlock $308 million worth of HYPE on November 29th.