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"Suspected HYPE Listing Inside Information" - Whale's Long Position Floating Gains Expand to $4.7 Million, Position Size Reaches $58.1 Million
CryptoWorld News reports that on March 18, according to Hyperinsight monitoring, HYPE’s price continued to rebound, temporarily reaching $42, the highest in nearly four months. The largest HYPE whale, suspected of insider trading related to HYPE listing, has seen its unrealized gains expand to $4.7 million. Today, it withdrew approximately $4.4 million in margin again, further raising the liquidation price. The whale currently holds a 5x leveraged long position in HYPE, totaling $58.1 million, with an average entry price of $38.67, and a floating return rate of 41%. The liquidation price has risen from $27.55 to $30.15. The funding fee settlement has recorded a loss of $1.66 million, and as of press time, the position remains open. This whale has been holding the position for nearly five months: on October 23 last year, just before HYPE’s launch on Robinhood, this address heavily accumulated long positions. When HYPE surged to nearly $50 in early February, it could have taken profits and exited but chose to continue holding.