- 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 attributed the loss to greed and poor trading techniques.
Related: Hyperliquid HYPE Token Smashes Through Key Fib Level; Is $43 The Next Stop For Bulls?
HYPE Token’s Moderate Dip vs. Trader’s Severe Loss
The HYPE token itself underwent a price correction in the past four days, but its retracement was not, in itself, extraordinary. HYPE lost only 21.5% of its value after crashing from a $39.94 all-time high, which it achieved on Monday, May 26, 2025.
Despite the recent HYPE pullback, one analyst was adamant about the cryptocurrency’s tendency to continue upwards. The analyst cited a dominant bullish sentiment from HYPE whales while acknowledging the risk level, considering the potential impact of BTC/ETH liquidations that could trigger a ripple effect in the crypto market.
The analyst highlighted an ongoing and persistent HYPE accumulation amid tactical long/short rotations. According to him, the signal relies on how quickly profits flip, as market surges often end in forced liquidations and panic sells.
Losing Trade Still Open; HYPE Sees Minor Rebound
Meanwhile, the losing trade identified by Lookonchain remained open at the time of writing. A market rebound, therefore, presents a possibility for the trader to recover some of the losses.
Related: Whales All-In on XRP, SOL, HYPE: Is Real Altcoin Season Finally Here?
Also, HYPE’s price rebounded by 8.61% in the early hours of Friday after bouncing off support at $30.64 to trade for $33.38 at the time of writing.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
