HYPE Long Position TOP 1 Address Still Bullish at an average price of $38.6, with a position size of $54.6 million

March 26th — HYPE’s price dropped below $40 this morning, per HyperInsight monitoring. The largest on-chain HYPE long position—suspected of insider trading linked to HYPE’s listing—saw its unrealized profits shrink from $4.6 million to $1.16 million. Currently, the address holds a 5x leveraged HYPE long position valued at $54.6 million, with an average entry price of $38.67, a floating return of 11%, and its liquidation price recently rising from $27.55 to $30.15. A $1.82 million loss has been recorded in the latest funding rate settlement. Background: The address aggressively opened long positions on October 24 last year, the eve of HYPE’s Robinhood listing, with a precise entry point. It never took profits when HYPE neared $50 at the end of October, remained inactive during the latest price rally without reducing positions, and appears to hold a long-term bet on HYPE breaking the $50 mark.