A new address made a large $9.9 million HYPE purchase with its first transaction, and has already achieved an 88% unrealized gain from the position within four days.

BlockBeats News, March 13, according to Hyperinsight Monitoring, as today's HYPE price surged above $38, the HYPE long position of the whale with address starting with 0x4f9 has seen its unrealized gain expand to $870,000, with a return rate of 88%. Currently, its position is approximately $9.9 million, with an average price of $34.8.

On March 9, this address first transferred about $500,000 to Hyperliquid and bought the dip at an average price of $30.8, initiating the first 10x leverage HYPE long position. In the following days, it continually added funds and consistently compounded its position. As of 7 hours ago, it was still increasing its position around $37, with a rising average price.