A certain whale holds a HYPE long position with a unrealized gain of over $14 million in July, during which the position's value fluctuated by over $40 million.

BlockBeats News, May 20th. According to on-chain analyst Yu Jin, a whale went long 1.38 million HYPE at an average price of $38.6 in November 2025, with a nominal value of approximately $67.4 million. As of now, the position has been held for about 7 months, with the current unrealized gain of around $14 million.

It is worth noting that the position experienced extreme volatility during this holding period. Data shows that the position was once at an unrealized loss of around $26 million, nearing the liquidation level. It then gradually rebounded to break-even and turned into a gain, with the position's value fluctuating by over $40 million during this period.

Furthermore, the whale has paid approximately $2.38 million in funding fees for this long position.