The largest long position on Hyperliquid, holding 114,000 ETH, has turned from a profit of $13 million to a loss of $10 million.

CoinFeed reported on May 17th that, according to on-chain analyst Yu Jin, the largest long position on Hyperliquid, holding 114,000 ETH ($259 million), has gone from a floating profit of $13 million to a floating loss of $10 million. This whale initially opened a long position of 99,000 ETH at $2,270 in late April, and subsequently made two small additions, bringing its total long position to 114,000 ETH ($259 million). The average cost was approximately $2,268.