HYPE has recently experienced a significant increase, with the largest on-chain HYPE long position still deep in a 17 million unrealized loss at an average price of $38.

On January 5, according to HyperInsight monitoring, since January 2, HYPE has accumulated a rise of over 13%, with a high of $27.4. The long-term bullish whale’s unrealized loss has narrowed from approximately $20 million to $17 million, with an average entry price of $38.6, a liquidation price of $20, and a current position size of about $36.44 million, making it the largest long whale on Hyperliquid for HYPE. This address previously opened a large long position before announcing the launch of HYPE spot trading on Robinhood on October 23, leading the community to suspect insider information. Currently, after two months, this long position remains significantly unrealized in loss.