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One of the highest-earning traders on a major decentralized derivatives platform just trimmed their $HYPE long position.
Here's what's interesting: this whale is still holding a massive $4.47M long bet on HYPE. Their average entry? $40.13.
But here's the kicker—their liquidation price sits at $8.10. That's a pretty comfortable cushion, suggesting they're playing with heavy leverage but still keeping risk somewhat managed.
Why does this matter? When top-tier traders start scaling back, it often signals either profit-taking after a run-up or caution about near-term price action. Could be worth watching how HYPE moves in the coming sessions—especially if more whales follow suit.