Zhipu's biggest bull couldn't withstand the decline, exiting with a loss of $2.71 million.

October 20 - According to TradingBeats monitoring, ZHIPU continues its decline, temporarily reporting $61.54 on Hyperliquid, down about 3.40% in 24 hours, retreating approximately 33.78% from the October 7 stage high of $92.9, and accumulating a drawdown of about 82.91% from the June 22 high of $360 when it first launched on the on-chain market.

ZHIPU's largest long position holder (0x8b3) fully closed 74,200 ZHIPU long positions this afternoon, with a closing scale of approximately $4.5445 million, realizing a loss of about $2.7063 million.

This whale began this round of long positions on September 11, continuously adding positions in batches thereafter, with an average position price of $97.7. After holding for about 39 days, the account ultimately exited entirely at a price approximately 37.32% below the comprehensive cost.