Whale Unwinds $10M HYPE Position After Year-Long Bullish Bet

KuCoinFlash

Release Time: 2026/08/20 15:03:51

HYPE

$83.30-3.85%

Summary

Whale activity in the HYPE token has attracted attention as a major holder known as 'watershedpath' partially closed a year-long bullish position. The whale, who has held a long position since October 2025, saw the position grow from $55 million to $99.7 million. The movement became apparent when the trader transferred tokens to Coinbase and cashed out approximately $10 million. The position remains up by $46.3 million amid HYPE’s recent price recovery.

Odaily Planet Daily reports, according to Arkham monitoring, the whale "watershedpath" has maintained a long-term bullish stance on the Hyperliquid token HYPE, currently holding a long position in HYPE worth approximately $100 million.

Data shows that this whale has maintained a long position in HYPE since October 2025, with the position size growing from approximately $55 million to the current $99.7 million. As HYPE’s price rebounds, the position is currently unrealized with a profit of about $46.3 million. It is reported that the whale transferred a portion of their HYPE to Coinbase yesterday to cash out approximately $10 million.

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