HYPE rises to $39, and Giant Whale's 54 million scale multi warehouse clearance

On March 16th, Hyperinsight monitoring showed that HYPE prices rebounded to $39, reaching a new high in nearly four months. The largest long position on the chain, suspected to have insider information on HYPE's listing, has turned losses into profits with the release of multiple HYPE orders with a scale of 54 million US dollars. The current average position price is 38.67 US dollars, with a floating profit of 590000 US dollars (5%) and a liquidation price of 27.55 US dollars. The fund rate settlement has recorded a loss of 1.66 million US dollars, and as of the time of writing, the position has not been closed yet. The giant whale started building long positions on the eve of the launch of Robinhood on HYPE on October 23 last year, and chose to continue holding when HYPE rose to nearly $50 in early February.