Two new addresses opened $6.94 million in 5x leveraged KAITO longs on Aug. 3 at $1.1178 and $1.1117, with one later posting 1.953 million USDC in margin and its intent remaining unclear.
Addresses linked to Hyperliquid's largest KAITO position have added margin, with the two wallets now showing a combined unrealized loss of $1.17 million, based on monitoring by @ai_9684xtpa. The two new addresses opened a combined $6.94 million in 5x leveraged KAITO long positions on Aug. 3 as the token was falling, at entry prices of $1.1178 and $1.1117. One address beginning with 0x2be added 1.953 million USDC in margin about half an hour before the report, though it remains unclear whether the move was meant to reduce liquidation risk or expand the long position.