HYPE Whale's $68.6M Profit on Long Position, Paid $5.42M in Funding Fees

BlockBeats reported, citing data from TradingBeats, that on Sept 6, as HYPE broke above $88, the largest HYPE long position on Hyperliquid—held by address 0x082e...ca88—showed unrealized profits of approximately $68.62 million. The address holds about 1.38 million HYPE in a 5x full-margin long position, with a position value of roughly $122 million and an average entry price of $38.68. The whale first opened a $40 million long position at 5x leverage about five hours before Robinhood announced HYPE spot listing on Oct 23, 2025, a move so precisely timed that the community suspected non-public information, earning it the nickname "HYPE insider whale." Between Dec 5-6, 2025, the address added another 93,500 HYPE at $31-$32, pushing its total to 1.38 million HYPE, and has held the position since. The address has already paid $5.42 million in funding fees for the long position.