「HYPE Bull Whale」 Executes $9 Million Withdrawal, Secured by $30 Million Unrealized Gain

June 1 — Per Hyperinsight’s monitoring (via its Telegram channel: https://t.me/HyperInsight), over the past 48 hours, the largest long-position whale in the HYPE token market — suspected of insider trading ahead of HYPE’s Robinhood listing — has been both expanding its unrealized gains and aggressively withdrawing realized margin. As of press time, a total of $9 million in margin has been pulled. This latest wave of withdrawals has lifted the token’s liquidation price to $52.8, signaling HYPE is unlikely to drop below this level in the near term. The address in question currently holds a long position of 1.38 million HYPE with 5x leverage: the position is valued at roughly $101 million, boasts an average entry price of $38.67, and has generated an unrealized gain of $47.9 million, equivalent to a 236% return. Since HYPE rebounded from a low of $20.4 back in January, every significant price surge has been followed by large-scale withdrawals of unrealized margin, totaling more than $30 million to date. These moves have also pushed the liquidation price higher than its previous low of $20.1. Notably, this long position was first opened on October 23 last year — just days before HYPE made its debut on Robinhood — and has remained open ever since. Rather than closing out the trade, the whale has used periodic withdrawals of unrealized gains as its primary method of taking profits. Wallet Address: 0x082e843a431aef031264dc232693dd710aedca88