Hyperliquid's Biggest ETH Long Adds 9,000 ETH as Gains Fade

ChainThink said that, according to monitoring by Yujin on May 13, ETH has pulled back to around the average entry price of the largest long position on Hyperliquid, wiping out most of the roughly $10 million in prior unrealized profit. After ETH returned close to the cost basis, the wallet added 9,000 ETH, taking the total position to 108,000 ETH. The holding is valued at about $245 million, with an average entry price of $2,271.