Trader Holds $35.31 Million HYPE Long on Hyperliquid

A trader labeled 0x666 held a $35.31 million long position in the Hyperliquid (HYPE) token on Hyperliquid, with 10x leverage and $17.4 million in unrealized gains. The position had an entry price of $39.81 and a mark price of $78.46. The gain remained tied to the open trade. The trader had not reduced the position. The HYPE long was the trader’s only open position. Its $35.31 million value exceeded the $27.47 million value of the trader’s Hyperliquid account. On Oct. 16, a 5x leveraged HYPE long held by watershedpath carried about $58 million in unrealized gains.

Source: TokenPost