A whale opened a long position of 1.38 million HYPE contracts at a high price and held it for four months, weathering a paper loss of $26 million until it broke even.

PANews reported on March 27 that, according to on-chain analyst Yu Jin, a whale that opened a long position of 1.38 million HYPE tokens (worth $53.3 million) at a high price of $38.6 in November last year has held the position for four months and has now broken even after a floating loss of $26 million.

• After he opened a long position in HYPE at a high of $38.6 in November, HYPE began to pull back. By the end of January, it had fallen to a low of $20 (he wasn't liquidated because he had added margin at that time), resulting in a floating loss of up to $26 million.
• After holding the position for four months, HYPE has now risen back above his opening price, and he currently has a floating profit of $440,000.