According to Coinbob's Hot Address Monitoring, a whale address (0x8def...) holding HYPE recorded significant gains on January 28. The whale initiated a leveraged long position on January 12 with an average entry price of around $22.3 and a liquidation price close to $20.
As HYPE's price surged recently, the position has seen massive appreciation. Current data shows that the whale's long position is now valued at $39.55 million with an average cost of $22.36. The unrealized profit stands at around $12.1 million, representing a 154% return. The account's total assets have doubled from an initial $13 million to $26 million.
This move not only highlights the whale’s precise timing but also reflects the rising market interest in the asset.