Gate News reports that on March 16, according to Hyperinsight monitoring, the HYPE price continued to rebound, surpassing $39 and reaching a nearly 4-month high. The largest on-chain HYPE long whale position turned profitable, with a $54 million long position being liquidated. As of press time, it has not been closed.
The whale’s current average entry price for HYPE longs is $38.67, with an unrealized profit of $590,000 (5%). The liquidation price is $27.55, and the funding rate settlement has recorded a loss of $1.66 million.
This whale has held the position for nearly 5 months: on October 23 last year, just before HYPE launched on Robinhood, this address heavily built a long position. In early February, when HYPE rose to nearly $50, it could have taken profits and exited with substantial gains but chose to hold until now.
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