Six-Month HYPE Long Position Swings to $46M in Unrealized Profit

A trader labelled 0x082e opened a 5x-leveraged long position on 1.38 million HYPE, valued at approximately $99.77 million, around six months ago. The position initially moved sharply against him, at one point showing losses exceeding $25 million.

As market momentum shifted and HYPE continued to climb to new all-time highs, the trade steadily recovered. That sustained upward movement eventually flipped the position into profit, which is now sitting at more than $46 million in unrealized gains.

Source: Lookonchain