Whale tied to insider trading allegations sees $50M loss in 4 days

A Hyperliquid whale address (starting with 0xb317), previously suspected of profiting from insider trading ahead of last October's largest-ever liquidation event, is now facing an unrealized loss of approximately $50 million due to the market downturn, Onchain Lens reported. The position flipped from a $40 million profit to a loss on Jan. 17. The address holds several leveraged long positions: 1,000 BTC at an average price of $91,506 (5x leverage), 223,340 ETH at $3,161 (5x leverage), and a 10x leveraged long on SOL at an average price of $130.