"The biggest long position in on-chain hype" is now enjoying an unrealized gain of over $53.1 million, having already paid $4.9 million in funding fees.

BlockBeats News, August 22, according to TradingBeats (formerly Hyperinsight) monitoring, as the HYPE token hit a new all-time high today, the "on-chain HYPE whale" holding a 5x leveraged position of 1.38 million HYPE long contracts is currently enjoying an unrealized gain of approximately $53.26 million. This address has paid a funding fee of $4.9 million for this position.

This address previously opened a $40 million, 5x leveraged HYPE long position about 5 hours before Robinhood announced the listing of HYPE spot trading on October 23, 2025. Due to the extremely precise timing of entering this heavy position, the community suspected insider information, hence why it is also referred to as the "HYPE Listing Insider Whale".