A trader holds a $11.2 million long position in HYPE, with unrealized profits of approximately $58 million.

BlockBeats news, October 16, according to SpotOnChain monitoring, a Hyperliquid trader named watershedpath holds a HYPE long position worth $11.2 million, with 5x leverage, and unrealized profit of approximately $58 million.

The average entry price of this position was $38.68, and the current price is $81.38, roughly doubling, and the trader has held it until now without taking profit. This is one of the largest one-sided HYPE positions on Hyperliquid, and its total profit on the platform has exceeded $50 million.