BlockBeats News, March 16th, according to Hyperinsight monitoring, influenced by the continuous rise in HYPE price, surpassing $39, reaching a nearly 4-month high. The largest HYPE bull’s “suspected HYPE listing insider information” whale position turned from loss to profit, with a $54 million scale HYPE long position being de-leveraged, yet to be closed as of the time of writing.
The current average HYPE long position of this whale is $38.67, with an unrealized profit of $590,000 (5%), a liquidation price of $27.55. The funding fee rate has incurred a settlement loss of $1.66 million as of the time of writing, yet to be closed.
This whale’s “holding the position” has lasted for nearly five months: on October 23 last year, on the eve of HYPE’s listing on Robinhood, this address significantly built up a long position. When HYPE surged to nearly $50 in early February, it could have exited with substantial profits but chose to continue holding.
