HYPE Whale Turns Loss into Gain, Holds Position for Over Six Months, Now Realizing Nearly $13 Million Profit

BlockBeats News, May 19th, according to LookIntoChain, Trader 0x082e disclosed that over 6 months ago, they went long with 5x leverage on 1.38 million HYPE tokens. Based on the current price, the position size was approximately $66.3 million, making them one of the largest on-chain HYPE longs at that time.

Following a significant pullback in HYPE's price, the address experienced an unrealized loss of over $25 million at one point. However, with the recent strong recovery in HYPE, their position has turned from loss to profit, with an unrealized gain of around $12.9 million.