Two whales place $20 million HYPE buy orders, both aiming to double their long positions.

BlockBeats news, October 30 - According to TradingBeats monitoring, HYPE is trading at approximately $93.58, up about 18.3% in 24 hours. Following the rise, trader Boomer and another large long position holder still retain a combined approximately $19.967 million in ladder buy orders, planning to wait for a pullback to add positions in batches.

Boomer's add-on range is between $80-88, with the highest buy price about 6% below the current price. The 40 new buy orders added at 10 AM today plan to purchase approximately 110,900 HYPE, with pending order value of about $9.247 million.

Currently, Boomer holds approximately 116,600 HYPE long positions, valued at about $10.913 million, with an average entry price of $89.75, and unrealized profit of about $446,000. If all orders are filled, the position size will nearly double.

Another whale starting with 0x469e has set 84 add-long buy orders at $80-88.469, planning to purchase approximately 127,300 HYPE, amounting to about $10.721 million, with the highest buy price about 5.5% below the current price. This account currently holds approximately $3.046 million in HYPE long positions, with an average entry price of $91.03, and the pending add-on amount is about 3.5 times the value of the existing position.