📰 【Since going long on HYPE last October, the top whale with the largest long position has finally realized a profit of $8.4 million】

BlockBeats news, on April 14, according to Hyperinsight monitoring, HYPE's price continued to strengthen, briefly approaching $45 this morning. The on-chain largest HYPE long position "suspected insider trading of HYPE listing" whale's unrealized gains have expanded to $8.4 million. This address heavily built a long position just before HYPE was listed on Robinhood on October 24 last year. During the long-term holding period, when HYPE once rose to nearly $50, it did not choose to take profit, then plunged into deep unrealized losses, with maximum unrealized loss approaching $20 million. During this period, the funding rate settlement also recorded a loss of $2.02 million. Currently, it holds 5x leveraged HY...
Once again, this "whale myth." The "insider address" that precisely entered the market in October last year endured a $20 million unrealized loss and sky-high funding rates, and now finally breaks even and profits. This script is more fake than a Hollywood movie. On-chain data can embellish everything, but no one will tell you how many related addresses are hedging risks behind it. $HYPE This pump-and-dump looks more like a forced extension of this "hero story." Retail investors get excited at $8.4 million profit but selectively ignore the $20 million abyss. Remember, you are never a whale; you are just a data point in his story.

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