pvp.trade has purchased $8.68 million worth of HYPE tokens as part of a commission, currently enjoying a unrealized gain of over $15 million.

BlockBeats News, May 28th, according to on-chain analyst Embermonitor, the Hyperliquid TG trading bot and copy trading platform pvp.trade have cumulatively earned approximately $8.68 million in transaction fee commissions, as one of the top Builders in the Hyperliquid ecosystem.

Following the launch of Hyperliquid, pvp.trade has continuously used its commission income to buy HYPE. Currently, it has accumulated 421,000 HYPE tokens with the $8.68 million, at an average cost of only $20.6 per token. As the value of HYPE has risen, its holding is now worth approximately $24.34 million.

However, pvp.trade redeemed 400,000 HYPE tokens from staking yesterday, worth around $22.8 million. It is not clear yet whether they plan to take profit at the current high.

The Builder Fees mechanism in Hyperliquid rewards Builders of products with a portion of the transaction fees generated when their products are traded.