Whale Address Accumulates $8.53M Loss on Multi-Altcoin 1x Leverage Position Held Over 1 Year

According to BlockBeats, on May 13, a whale address (0x6555e1cc97d3cba6eaddebbcd7ca51d75771e0b8) has been holding multiple altcoins including TON, LDO, ONDO, ENA, and WLFI on Hyperliquid with 1x leverage for over 200 days, with some positions held for more than one year. The address has accumulated over $8.53 million in total losses, comprising $7.2 million in unrealized losses and $1.33 million in cumulative funding fee deductions. Despite the 1x leverage preventing liquidation risk, funding fees continue to erode the principal.
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