HYPE Long Position TOP 1 Address Still Bullish at an average price of $38.6, with a position size of $54.6 million

BlockBeats News, March 26th, according to Hyperinsight monitoring, the HYPE price fell to below $40 this morning, and the largest on-chain HYPE long position, suspected of "HYPE listing insider trading," saw its unrealized gains shrink from $4.6 million to $1.16 million.

The address currently holds a 5x leveraged HYPE long position worth $54.6 million, with an average position price of $38.67, a floating return rate of 11%, and a recent liquidation price increase from $27.55 to $30.15. The current funding rate settlement has recorded a loss of $1.82 million.

It is reported that this address aggressively entered long positions on the eve of HYPE's listing on Robinhood on October 24th last year, with a precise entry point. However, as the HYPE price approached $50 at the end of October, the address never took any profit-taking actions, remained idle during this round of price increase, did not reduce its position, and seemed to intend to hold long term, betting on HYPE breaking through the $50 mark.