Gate News reports that on March 18, HYPE price continued to rise, temporarily reaching $42, a nearly 4-month high. The largest HYPE bull, “suspected insider trading of HYPE listing,” has seen its unrealized gains expand to $4.7 million. Today, approximately $4.4 million in margin was withdrawn again, further raising the liquidation price.
Currently, it holds a 5x leveraged long position in HYPE, with a scale of $58.1 million, an average entry price of $38.67, and a floating return rate of 41%. The liquidation price has increased from $27.55 to $30.15. As of press time, the funding fee settlement has recorded a loss of $1.66 million, and the position has not been closed.
This “whale” has been holding the position for nearly five months: on October 23 last year, just before HYPE was listed on a CEX, this address heavily accumulated a long position. When HYPE rose to nearly $50 in early February, it could have taken profits and exited but chose to continue holding.
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