A suspected insider whale address has seen its floating losses in HYPE narrow to $13.24 million following a price rebound. Monitoring by Hyperinsight reveals that the loss on this long position has decreased from $15.33 million, with the loss percentage improving from -201.64% to -165.01%. The position, valued at approximately $40.13 million, was established with an average entry price of $38.68. HYPE is currently trading at $29.08, with a liquidation price set at $23.89. The whale address, identified as 0x082e…, took a significant long position in HYPE just before its listing on Robinhood, raising community concerns about potential insider trading. Despite the narrowing losses, the position remains the largest on the HYPE chain and is still in substantial unrealized loss.