A suspected insider whale, identified by the address 0x082, has become the largest holder of XPL perpetual futures on Hyperliquid, despite facing significant losses. Over the past four hours, the whale has increased its XPL long positions with 5x leverage, reducing the average holding price to $0.33. The total position size now stands at $8.22 million, with a floating loss of $1.14 million, equating to a 70% loss rate. This address has been actively accumulating XPL longs against market trends for four days. It also holds substantial long positions in HYPE ($47.14 million) and PURR ($500,000). Previously, the address opened a $40 million HYPE long just before Robinhood's listing, raising suspicions of insider trading. In contrast, 'Abraxas Capital' holds the largest XPL short on Hyperliquid, with a floating profit of $14.1 million and a return exceeding 1,000%.