TradingBeats, formerly Hyperinsight, said on Aug. 22 that the largest on-chain HYPE bull is now sitting on roughly $53.26 million in unrealized profit as the token set another all-time high on the day. The position consists of a 5x leveraged long covering 1.38 million HYPE, according to the monitoring data.
The same address has already paid $4.9 million in funding fees for the trade. TradingBeats also noted that the wallet previously opened an approximately $40 million 5x leveraged HYPE long around five hours before Robinhood announced the listing of HYPE spot on Oct. 23, 2025.
Because the entry timing was seen by the community as unusually precise, the trader has been labeled by some as an “insider whale” tied to the HYPE listing. The report attributes that characterization to community suspicion over whether the address had access to non-public information. No further details were provided in the monitoring update.
BlockBeats reported on Aug. 22, citing TradingBeats, formerly Hyperinsight, that the largest on-chain HYPE long is now showing about $53.26 million in unrealized profit as HYPE set another all-time high on the day.
The monitored address is holding a 5x leveraged long position of 1.38 million HYPE. Data cited in the report shows the wallet has already paid $4.9 million in funding fees tied to the position.
TradingBeats said the same address had previously opened an approximately $40 million 5x leveraged HYPE long around five hours before Robinhood announced the listing of HYPE spot on Oct. 23, 2025. Because the timing of that heavy entry was viewed by the community as unusually precise, the address was also dubbed an “insider whale” for the HYPE listing, based on suspicions that it may have had access to non-public information.
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