Huang Licheng's 5-fold leverage long position in HYPE currently has a floating loss of 1.81 million US dollars

According to BlockBeats news, on May 30th, according to on chain analyst Yu Jin's monitoring, Huang Licheng currently has a loss of $1.81 million on the HYPE long contract. He bought 200000 HYPE spot stocks at a price of $29.4 a while ago, and then used the contract to buy 530000 HYPE with 5-fold leverage, with an average opening price of $35.5. With the recent correction in HYPE prices in the past two days, his long contract HYPE has now lost $1.81 million. However, he still has a profit of $520000 from the 200000 HYPE he holds in stock.