'The Largest HYPE Long Position On-Chain' Now Has Over $70 Million in Unrealized Profit, Having Paid $5.68 Million in Funding Fees

BlockBeats news, September 18 — According to TradingBeats monitoring, the largest HYPE long position address on Hyperliquid currently holds approximately 1.38 million HYPE long contracts, with a position value of about $124 million, an average entry price of $38.6755, and current unrealized profit of about $70.72 million, using 5x cross margin leverage.

This address opened a HYPE long position of about $40 million with 5x leverage approximately 5 hours before Robinhood announced the listing of HYPE spot on October 23, 2025. Because the timing of this heavily weighted entry was too precise, the community suspected it had access to non-public information, and it became known as the "HYPE listing insider whale."

On December 5–6 of the same year, this address continued to add approximately 93,500 HYPE in the $31–$32 range, ultimately pushing the current holdings to about 1.38 million HYPE, and has held the contract position until now. This address has currently paid $5.684 million in funding fees for its long position.