Large whales trapped in their HYPE positions are facing difficult momentum, with unrealized losses reaching $16.7 million. According to on-chain data monitoring from Onchain Lens reported by BlockBeats on February 24, these investors doubled down with 5x leverage and are now forced to deposit an additional $1.2 million USDC into HyperLiquid to save their positions from liquidation. Additionally, the accumulated capital costs have reached $1.6 million. Such new whales indicate high risks in leveraged trading strategies in the crypto market, especially when volatility increases. The HYPE position itself is currently trading around $28.18, down 2.77% in the last 24 hours.