A whale holding a long HYPE position for about 10 months is now sitting on roughly $57.18 million in unrealized profit, according to Ember. The update came as HYPE climbed past $80 and set a new all-time high. Ember said the address opened a long on 1.38 million HYPE last November at $38.6. Since then, the value of the position has risen from about $53.38 million to around $110 million. Over the life of the trade, the holder has paid about $4.98 million in funding fees. The position remains open, with no profit-taking reported so far.
PANews reported on Aug. 23, citing Ember, that an address holding a long HYPE position for about 10 months is now showing roughly $57.18 million in unrealized profit as the token broke above $80 and reached a new all-time high.
According to the figures shared by Ember, the address opened a long on 1.38 million HYPE last November at $38.6. The position’s value has grown from about $53.38 million to around $110 million. During the holding period, the long position paid about $4.98 million in cumulative funding fees and has not yet been closed for profit.
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