HyperInsight data shows Huang Li's trading activity in XPL shifted from prior gains to a $7.33 million unrealized loss amid position changes and whale shorting.
HyperInsight reports that Huang Li, one of the largest XPL long holders on Hyperliquid, reduced long positions by 650,000 tokens before adding 700,000 between $1.12 and $1.50. Orders were placed between $1.145 and $1.21 to limit losses, which currently total $7.33 million. Multiple whales were also observed shorting XPL today. This contrasts with yesterday’s activity, when Huang Li increased longs, reaching $1.08 million in unrealized gains at one point.