HYPE Surges Over $39 in Short Time, On-Chain Whale with Largest Long Position of $54 Million Able to Exit Safely

BlockBeats News, March 16th, according to Hyperinsight monitoring, driven by the continuous rise in HYPE price, surpassing $39, reaching a nearly 4-month high. The largest HYPE bull's suspected insider trading whale position has turned from loss to profit, with a $54 million HYPE long position being unwound, yet to be closed as of the time of writing.

The current average holding price of the HYPE long position is $38.67, with an unrealized profit of $590,000 (5%), a liquidation price of $27.55, and a funding rate settlement has incurred a $1.66 million loss recorded, yet to be closed as of the time of writing.

This whale's "holding the position" has lasted for nearly five months: on October 23 last year, on the eve of HYPE's listing on Robinhood, the address significantly increased its long position. When HYPE surged to nearly $50 in early February, it could have exited with hefty profits but chose to continue holding.