HYPE Surges 6% in Early Morning Trading, Largest Long Position Holder Sees $34 Million in Unrealized Gains

BlockBeats News, June 15th, according to Hyperinsight monitoring, this morning, HYPE experienced a short-term surge of 6%, reaching a high of $64. On Hyperliquid, the open interest for this contract has exceeded $1.3 billion, with a 24-hour trading volume of $470 million.

The biggest beneficiary of this price surge, a "suspected HYPE listing insider information" whale, has seen its unrealized gains increase to $34 million. Currently, this address is holding a long position of 1.38 million HYPE with 5x leverage, with a position value of approximately $87.6 million. The entry price is $38.67, and the liquidation price is $50.9.

After each round of price surges, this whale has accompanied a large withdrawal of unrealized gains as collateral, totaling withdrawals of over $20 million, with the liquidation price continuously increasing from a low of $20.1. The position was opened on October 23 last year (the eve of HYPE's listing on Robinhood), and a large long position was established in advance.

Address: 0x082e843a431aef031264dc232693dd710aedca88