According to @EmberCN, an on-chain address bought 900,000 HYPE at about $45.5 (~$40.26M) 10 days ago and sold the entire stack between last night and this morning around $43.5 for $39.26M USDT, realizing roughly a $1.8M loss (source: @EmberCN on X, Aug 26, 2025, https://twitter.com/EmberCN/status/1960294280708464805). According to @EmberCN, the address then used the proceeds to open a 15x long totaling 51,691 ETH and is currently showing about a $10M unrealized loss (source: @EmberCN on X, Aug 26, 2025, https://twitter.com/EmberCN/status/1960294280708464805). Key trading takeaway: a single address holds a large, high-leverage ETH position currently in drawdown per the source (source: @EmberCN on X, Aug 26, 2025, https://twitter.com/EmberCN/status/1960294280708464805).