A whale longed 1.38 million HYPE tokens, once experiencing a paper loss of $26 million. The position is now showing a paper gain of $8.5 million.

BlockBeats News, April 16th, according to on-chain analyst Wu Jinyu's monitoring, as HYPE rose to $45, the whale who opened a long position of 1.38 million HYPE tokens (worth $62.13 million) at the peak in November last year has now recovered from a $26 million unrealized loss to breaking even and realizing a $8.5 million gain.

· He opened a long position with HYPE at the peak of $38.6 in November last year. As the HYPE price kept falling, by the end of January, it had plummeted to $20.5, resulting in an unrealized loss of up to $26 million.

· Currently, compared to the lowest point of $20.5, the HYPE price has risen by 120%. His long positions in HYPE have also turned from a $26 million unrealized loss to breaking even and realizing a $8.5 million gain.