A whale has been holding a large long position in altcoins for over a year, with total losses exceeding $8.5 million during the bear market.

BlockBeats News, on May 13, according to Hyperinsight monitoring, a whale starting with 0x655 on Hyperliquid simultaneously took long positions with 1x leverage on several altcoins including TON, LDO, ONDO, ENA, and WLFI. All positions have been held for over 200 days, with several coins held for more than a year.

During the ongoing bear market, this address has suffered a total unrealized loss of over $7.2 million. Cumulative funding rate settlements have added $1.33 million in losses, continuously eroding the principal, bringing the total loss to over $8.53 million. Although 1x leverage means there is currently no risk of liquidation, the funding rate continues to cause chronic loss of principal over time.

Over the past year, the largest loss position has been STBL, while the relatively most resilient position is TON. Losses peaked at $10.3 million but have narrowed slightly recently.

Address: 0x6555e1cc97d3cba6eaddebbcd7ca51d75771e0b8