**Jan 20 Update** Per monitoring from HyperInsight, the address tied to “Huang Licheng” (0x020c…) continuously reduced its HYPE long position for nearly 10 hours overnight (Jan 19-20) and fully exited the position by the morning of Jan 20. – **Position Breakdown**: – Launched reduction on Jan 19 night; initial position: $2.82M, with a floating loss of up to 85%. – Cumulative reduction by Jan 20 morning: ~$2.41M. – Closed remaining $1.187M position; **total loss: $560K**. – **Trader Context**: The trader earned early success trading blue-chip NFTs. But since reactivating in the market in October, successive sharp pullbacks have shrunk their account from over $1B.
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