HYPE Breaks Through $72 as Largest Long Holder Sees Unrealized Gains Exceed $46M

According to BlockBeats, HYPE broke through $72 on July 6, with Hyperliquid perpetual contract open interest reaching $1.59 billion and 24-hour trading volume hitting $250 million.

The largest long holder, identified as a HYPE insider holder, saw unrealized gains expand to $46 million. The whale holds 1.38 million HYPE with a 5x leverage position worth approximately $99.5 million at an average entry price of $38.67, representing a 432% return.