Whale Holds $11.75 Million NBIS Long After 15.7% 24-Hour Drop

A crypto wallet beginning 0x5c26 held an $11.75 million NBIS perpetual long after adding the position during a 15.7% 24-hour decline on Hyperliquid, with the position valued at that amount in the latest update.

The wallet opened the roughly $11.99 million position in installments as NBIS fell. It continued to hold the full position, with an unrealized loss of about $236,000.

NBIS perpetuals traded near $127.70, and trading volume over the same 24-hour period was about $152 million. The wallet’s average entry price was $130.28, while its liquidation price was about $76.94.