According to Hyperinsight, on January 9, a crypto whale known for relentless betting returned to the market, opening a new long position in HYPE tokens. Using 5x leverage, the trade involved roughly 63,381.45 units, valued at approximately $1.64 million, with an average entry price of $25.87.
While currently showing a slight unrealized gain, the whale’s overall position still reflects a $171,000 loss. Notably, this marks the 30th attempt by the whale to bet on HYPE, demonstrating a determined, high-risk investment strategy.
Market analysts noted that HYPE has experienced volatility recently. Although the whale’s move may signal optimism, caution is advised due to the amplified risk from leveraged exposure.