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A whale opens a long position with 1.38 million HYPE tokens, recovering losses and realizing a profit of $8.5 million.
According to a report from Mars Finance, based on on-chain analyst Yu Jin’s monitoring, a whale opened a long position of 1.38 million HYPE tokens at last year’s peak, worth $62.13 million. At that time, HYPE fell to a low of $20.5, leading to an unrealized loss of $26 million. Since then, the HYPE price has rebounded to $45, up 120% from the low, turning the whale’s unrealized loss into breakeven and realizing a profit of $8.5 million.