According to @OnchainDataNerd monitoring, a giant whale address (starting with 0x0af) previously opened a long position of 1x leverage (ie unleveraged spot) in GRIFFIN at $0.249. Although not leveraged, the position is still in floating loss due to subsequent price declines, with a paper loss of about $550,000. The monitoring information also mentioned that when the GRIFFIN price fell to $0.026, the floating loss of the position was as high as about $1 million. Even so, the giant whale address has not yet selected position squaring and continues to hold multiple orders in the loss.