KAITO Longs Trigger $2.87M Stop-Losses on Hyperliquid Amid 67% Plunge

Two KAITO long positions on Hyperliquid triggered stop-losses, incurring $2.87M losses after the token dropped 67% from its July peak to current levels.

Woofun AI data shows that KAITO experienced a 67.3% decline over a half-month period, dropping from a short-term high of $1.3764 on July 29 to $0.45. On August 3, two addresses holding $6.94 million in 5x leveraged long positions on Hyperliquid executed their stop-loss orders, resulting in a combined loss of $2.874 million.