HYPE has recently seen a significant price increase, the largest on-chain HYPE long position is still deeply underwater with a $38 average price and a $17 million unrealized loss.

BlockBeats News, January 5th, according to HyperInsight monitoring, since January 2nd, HYPE has accumulated a growth of over 13% to date, reaching a high of $27.4. The whale's unrealized losses in the "Long HYPE" position have narrowed from around $20 million to $17 million, with an average price of $38.6, a liquidation price of $20, and a current position size of approximately $36.44 million, making it the largest long whale on HYPE on Hyperliquid.

This address had opened a large long position before Robinhood announced the launch of spot trading for HYPE on October 23rd, arousing community suspicion of insider information. Currently, this long position, opened two months ago, still faces significant unrealized losses, with funding fee settlements now exceeding $1 million in losses.