HYPE's Largest Long Position Holder Loses $7.4M in Unrealized Gains as Price Falls Below $39

According to BlockBeats, citing Hyperinsight monitoring, HYPE's largest on-chain long position holder has given back approximately $7.4 million in unrealized gains over the past week as the token price fell below $39. Combined with $2.33 million in cumulative funding rate losses, the account has recorded a net loss of approximately $2.2 million.

The whale deposited $2 million in additional margin yesterday, lowering the liquidation price from $36 to $34.69. The address currently holds a 5x leveraged HYPE long position valued at $53.46 million with an average entry price of $38.67 per coin.