'The largest HYPE long on-chain' now has unrealized gains exceeding $80 million, having paid $5.93 million in funding fees.

BlockBeats news, September 23 — 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 $134.1 million, an average entry price of $38.6755, and current unrealized profit of about $80.77 million, using 5x cross margin leverage.

This address 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. Due to the extremely precise timing of the heavy position entry, the community suspected it had 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 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 currently paid $5.938 million in funding fees for its long position.