This address bought 900,000 HYPE ($40.26 million) at a price of about $45.5 ten days ago, and these HYPE were sold at a price of about $43.5 from last night to this morning, converting to 39.26 million U, resulting in a loss of about $1.8 million.
He used the funds from selling HYPE to long ETH before the drop last night, leading to a current unrealized loss of $10 million: Opened a long position of 51,691 ETH with 15x leverage, worth $229 million. Opening price $4,630, liquidation price $4,076.