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The first HYPE long position has a floating profit of $3.42 million, with a position size of approximately $56.82 million.
Golden Finance reports that on April 26, according to on-chain analyst Ai Yi’s monitoring, the top address by HYPE holdings on Hyperliquid has an unrealized profit of $3.42 million from a long position, after previously having an unrealized loss of $23.18 million.
This address started building a large long position on HYPE at the end of October last year, currently holding 1.38 million tokens, worth approximately $56.82 million, with an opening price of $38.675.
In January of this year, when HYPE declined, it repeatedly added margin to avoid liquidation. Additionally, due to the long holding period and large scale, its single-asset funding fees have totaled as much as $2.11M.