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After more than six months of holding through brutal volatility, the biggest on-chain $HYPE bull is finally deep in profit again🥳.
Trader 0x082e originally opened a massive 5x long on 1.38M HYPE worth roughly $66.3M, making it one of the most watched positions in the market.
The trade didn’t look good for a long time. During HYPE’s drawdown, the wallet was at one point sitting on more than $25M in unrealized losses, but the position was never closed.
Now, after HYPE’s strong rebound, the same position has completely flipped around and is currently showing about $12.9M in unrealized profit. Holding a position that large through a $25M drawdown without getting shaken out is the kind of conviction very few traders can handle.
Address: 0x082e843a431aef031264dc232693dd710aedca88