「Suspected Hype Coin Listing Insider Trading」 Whale's Multi Long Position Floating Profit Expands to $4.7 Million, Position Size Reaches $58.1 Million

BlockBeats News, March 18th, according to Hyperinsight monitoring, influenced by the continuous rise in HYPE price, currently at $42, reaching a new high in nearly 4 months. The largest long position holder of HYPE, suspected of having insider information about HYPE listing, has seen their unrealized gains increase to $4.7 million. Today, they once again withdrew approximately $4.4 million in margin, further pushing up the liquidation price.

They currently hold a 5x leveraged long position in HYPE, with a scale of $58.1 million, an average position price of $38.67, and a floating return rate of 41%. The liquidation price has risen from $27.55 to $30.15. The funding fee settlement has already recorded a loss of $1.66 million, and as of the time of writing, no position has been closed.

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