Huo Xing Cai Jing reports that on April 11, according to Lookonchain data, trader 0x082e established the largest on-chain long position in HYPE, purchasing 1.38 million HYPE at an average price of $38.68 four months ago with 5x leverage, worth $58.4 million. This whale currently holds an unrealized profit of over $5 million, but has already paid $2 million in funding fees.
HYPE's largest on-chain bull position, opened four months ago, now holds $5 million in unrealized profit.
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Summary
On-chain trading signals show that trader 0x082e took a significant HYPE long position four months ago, purchasing 13.8 million tokens at $38.68 with 5x leverage. The position is now worth $58.4 million, with a floating profit exceeding $5 million. Funding fees have totaled $2 million to date. A well-planned take-profit strategy could secure gains as market volatility persists.
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