Wormhole (W) has fallen over 40% from its peak, with a certain long position already suffering a floating loss of nearly $900,000.

October 14th, according to TradingBeats monitoring, W is currently trading at approximately $0.0164, down about 14.3% in 24 hours, and has fallen more than 40% from its stage high on October 12th.

The largest long position on Hyperliquid, held by an address starting with 0x387c, holds approximately 10.41 million W long orders, using 2x cross margin leverage, with an average entry price of approximately $0.102, and an unrealized loss of approximately $894,000.