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$HYPE 's top bull withdraws $9 million margin, raking in over $30 million profit
The biggest HYPE whale has pulled out $9 million in margin over the past two days, gradually cashing out and has already secured over $30 million in unrealized gains since the market kicked off.
Currently, they are still holding 1.38 million HYPE with 5x leverage, pushing the position's market value over $101 million, with an average entry price of $38.67. They still have $47.9 million in profit on paper, marking a 236% increase.
After this round of withdrawals, their liquidation line has been raised to $52.8, suggesting that big players aren’t expecting a major drop in the short term.
This address heavily positioned itself right before the coin's launch last year, consistently holding and only taking profits without touching the base position, cashing out portions of profits with each major pump.
#IntroducingGateStocks