This position is something else. One address is now holding around 1.38 million HYPE with 5x leverage, bringing its notional position to $138 million and its unrealized gains to over $71 million.
What’s even more remarkable is that funding fees alone have already burned through around $6.3 million. So I’m less interested in how much he’s making right now and more curious: with a long position this large, could a sharp pullback in HYPE turn him into a new liquidity target?
When whales are willing to hold on, the market gets even more interesting.
$HYPE #巨鲸5倍做多HYPE浮盈超7100万美元