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HYPE Surges Over $39 in Short Time, Largest Long Whale with $54 Million Position Able to Break Even
Summary: According to Hyperinsight monitoring, HYPE's price has continued to rise, reaching over $39, hitting a nearly 4-month high. The largest long whale in HYPE, suspected to have insider information, has turned losses into gains, with a $54 million position in long contracts breaking even, with no closure as of the time of writing. The current ...
According to Hyperinsight monitoring, HYPE's price has continued to rise, reaching over $39, hitting a nearly 4-month high. The largest long whale in HYPE, suspected to have insider information, has turned losses into gains, with a $54 million position in long contracts breaking even, with no closure as of the time of writing.
The current average holding price for HYPE long contracts is $38.67, with a floating profit of $590,000 (5%), a liquidation price of $27.55. The funding rate settlement has already recorded a loss of $1.66 million, with no closure as of the time of writing.
This whale has been holding the position for nearly five months: on October 23 last year, on the eve of HYPE's listing on Robinhood, the address aggressively built up long positions. In early February, when HYPE rose to nearly $50, they could have exited with substantial profits but chose to continue holding.
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Link: HYPE Surges Over $39 in Short Time, Largest Long Whale with $54 Million Position Able to Break Even [Copy]
