HYPE whale sits on $58M profit with $111M long, still not selling

A Pseudonymous trader, ‘watershedpath’, is sitting on a $58 million paper profit from his largest-ever long position in HYPE on-chain, Arkham revealed in a post. However, the trader withdrew $18.5 million from the position. It is a rare insight into the strategy of one of the largest holders of Hyperliquid’s native token. 

Who is this HYPE whale?

Arkham estimated the position in question at $111 million, which makes it the largest long on HYPE on-chain. It looks like the position has been held for a while now. The on-chain data firm stated that the trader holds this position “for almost a whole YEAR,” which is quite a long time frame in an industry where perpetual trades are held for several days or weeks. The $58 million profit is not realized and can be affected by the price movements of HYPE.

He’s up $58M with the largest HYPE long on-chain.

Trader “watershedpath” has been long $HYPE for almost a whole YEAR. He’s currently holding $111M of HYPE exposure – making his the largest single long position on-chain.

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