From being deeply underwater to doubling, this HYPE play is a textbook case of sticking it out and getting through the drawdown—unfortunately, most people sold out too early.

CoinWorld News: The floating profit of HYPE long positions has narrowed to approximately $42.95 million, with a gain of 222.95%. The current HYPE price is $69.80, the average price is $38.68, the liquidation price is $54.13, and the position size is $96.32 million. The address went heavily long before Robinhood listed HYPE, and is now HYPE's largest long position, having previously suffered a large floating loss.