The whale that bought the dip with an average price of $22 earlier has now doubled its investment, with unrealized gains of $12 million.

BlockBeats News, January 28th, according to Coinbob Popular Address Monitor, the "HYPE Bull Leader" whale (0x8def...) realized significant gains in a HYPE trade. The address established a 5x leveraged long position around January 12th with an average price of about $22.3, with a liquidation price of around $20. With the recent substantial increase in the price of HYPE, their position is now sitting on a large unrealized profit.

Currently, the address holds a long position in HYPE worth $39.55 million, with an average price of $22.36, an unrealized profit of about $12.1 million, and a return rate of 154%. Their account funds have grown from around $13 million to about $26 million, achieving a doubling of funds.