HYPE whale 0x082e is down $17.47M, adds $2.4M USDC to avoid liquidation; new liquidation price set at $23.91.
A large HYPE holder on Hyperliquid is facing heavy unrealized losses as volatility grips the market.
The trader linked to wallet 0x082e has lost about $17.47 million on a 1.38 million HYPE long position now worth roughly $35.9 million.
Recent on-chain data shows fresh capital deposits aimed at preventing liquidation as price swings continue.
Whale Deposits $2.4M USDC to Avoid Liquidation
Blockchain data indicates the trader deposited $2.4 million in USDC on February 24, 2026.
The funds were sent to Hyperliquid to strengthen margin levels. The move lowered the liquidation price to approximately $23.91.
The biggest $HYPE bull, 0x082e, is now down $17.47M on his 1.38M $HYPE($35.9M) long.
Today, he deposited another 2.4M $USDC into Hyperliquid to avoid liquidation.
New liquidation price: $23.91.https://t.co/sfhh810YHy pic.twitter.com/4MUmgrvrUY
— Lookonchain (@lookonchain) February 24, 2026
The wallet has been described as one of the largest HYPE long positions on-chain.
Reports show the trader actively managing collateral during recent market weakness. The additional margin reduced immediate liquidation risk.
Market trackers noted that the position exceeded 1.3 million HYPE tokens.
At various points, the exposure ranged between $36 million and $45 million in value. The latest data places the position near $35.9 million.
Position Size Adjusted After Price Rebound
After HYPE rebounded above $30, parts of the position were reduced.
Data shows a shift from roughly $46 million in exposure to about $26 million. The reduction followed price stabilization in late February.
The unrealized loss reached more than $17 million during recent volatility.
The trader maintained the core position despite price pressure. Margin adjustments were made instead of a full exit.
Hyperliquid’s on-chain transparency allows public tracking of large leveraged trades. As one market observer stated, “The wallet continues to defend the position with fresh collateral.” No official statement has been issued by the trader.
Related Reading: Whale Adds $1.2M to Save 5x $HYPE Long on HyperLiquid
Market Volatility and Historical Liquidations
HYPE has declined about 15.40% in the seven days leading to February 24, 2026.
Despite the drop, the token trades well above its late 2024 lows. Price swings have increased liquidation risks for leveraged positions.
The current situation follows a broader liquidation event in October 2025.
During that period, Hyperliquid recorded more than $10 billion in liquidations. Many high-leverage traders faced forced closures.
Since then, large traders have closely managed margin requirements. The latest case shows active risk management rather than immediate liquidation.
Market participants continue monitoring HYPE price action and on-chain margin flows.
The post $17M Down: Hyperliquid’s Biggest HYPE Bull Fights Liquidation appeared first on Live Bitcoin News.
