A HYPE trader who has kept a long position open for 10 months is now sitting on a $57.18 million profit, according to monitoring data cited by BlockBeats from EmberCN. The gain came as HYPE moved above $80 and set a new all-time high.
The position was opened in November last year at $38.6, with the trader going long on 1.38 million HYPE. The position’s value has increased from an initial $53.38 million to $110 million. Over the 10-month holding period, the trader has paid $4.98 million in funding fees.
EmberCN said there is still no sign that the holder has taken profit. The account’s long holding period and continued exposure stand out given the scale of the unrealized gain and the token’s latest price breakout.
A trader holding a HYPE long for 10 months is now up $57.18 million after the token rose above $80 and hit a new all-time high, according to EmberCN monitoring cited by BlockBeats on Aug. 23.
The position’s value has climbed from $53.38 million to $110 million. EmberCN said the trader opened the long on 1.38 million HYPE in November last year at $38.6 and has paid $4.98 million in funding fees over the 10-month holding period. There is still no sign of profit-taking.
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