KAITO: Hyperliquid Whale Closes $994K Loss Position

KAITO saw fresh on-chain movement as the top Hyperliquid KAITO perpetual futures position closed today. Address 0x98caa7ce5827948809835c6ee5a74d35d2b3bc15 exited its 2.24 million token long at the $0.67 stop-loss, booking a $994,000 loss from the $1.05 entry.

Meanwhile the second-largest position remains open with $2.227 million in unrealized losses. A suspected operator wallet 0xF1f…60b14 withdrew another 1.91 million KAITO from Coinbase worth $1.32 million, bringing four addresses to a combined 8.36 million tokens valued at $8.51 million at a $1.01 average cost.

Price action on the 4-hour chart shows KAITO trading at $0.7 inside the Bollinger Bands with upper resistance at $0.97 and lower support at $0.61. The EMA50 and EMA200 both sit at $0.87, acting as firm overhead resistance, while RSI at 25.06 signals deep oversold conditions and MACD has printed a death cross at -0.06, confirming the bearish structure.