'Largest HYPE Long on Chain' Now Sitting on Over $75 Million in Unrealized Profit, Has Paid $5.85 Million in Funding Fees

BlockBeats news, September 22 — According to TradingBeats monitoring, the largest HYPE long address on Hyperliquid currently holds approximately 1.38 million HYPE long positions, with a position value of about $128.6 million, an average entry price of $38.6755, and current unrealized profit of about $75.27 million, using 5x cross margin leverage.

This address had opened approximately $40 million worth of 5x leveraged HYPE long positions about 5 hours before Robinhood announced the listing of HYPE spot on October 23, 2025. Because the timing of this heavily sized entry was too precise, the community suspected it had access to non-public information, and it has therefore also been called the "HYPE listing insider whale."

On December 5 to 6 of the same year, this address continued to add approximately 93,500 HYPE in the $31 to $32 range, ultimately pushing the current holdings to about 1.38 million HYPE, and has held the contract position until now. This address has so far paid $5.858 million in funding fees for its long positions.