Onchain Lens data cited by BlockBeats showed that a whale has kept a HYPE long position open for 343 days. The position totals 1.38 million HYPE and is currently valued at about $119.12 million. The whale’s average entry price stands at $38.68. Based on the monitored figures, the trade is now showing an unrealized profit of $65.74 million. During the life of the position, the holder has also paid $5.67 million in funding fees. The update points to a large, long-running directional bet on HYPE that remains deeply in profit despite the accumulated carrying cost.
BlockBeats reported on Sept. 18, citing monitoring data from Onchain Lens, that a whale has kept a HYPE long position open for 343 days.
The position consists of 1.38 million HYPE and is currently valued at about $119.12 million. The average entry price was $38.68.
According to the tracked data, the position is now showing an unrealized profit of $65.74 million. The holder has paid $5.67 million in funding fees over the course of the trade.
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