"The Biggest On-Chain Hype Long" is now sitting on an unrealized gain of over $56.5 million, having already paid $5.03 million in funding fees.

BlockBeats News, August 24th, according to TradingBeats (formerly Hyperinsight) monitoring data, as the HYPE token hit a new all-time high today, the "on-chain HYPE whale" holding a 5x leveraged long position of 1.38 million HYPE coins has an unrealized gain of approximately $56.56 million. The address has currently paid $5.03 million in funding fees 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 the heavy entry into the position, the community suspected insider information, hence why it is also referred to as the "HYPE Listing Insider Whale."