A trader’s 5x long position of 1.38 million HYPE tokens turned into a $12.9 million unrealized profit.

According to on-chain analytics platform Lookonchain (@lookonchain), trader 0x082e went long on 1.38 million HYPE tokens with 5x leverage over six months ago, establishing a position worth approximately $66.3 million at the time—making them the largest bullish HYPE trader on-chain. As HYPE’s price declined, the position incurred unrealized losses exceeding $25 million; however, following HYPE’s rebound, the position has turned profitable and currently holds unrealized gains of about $12.9 million.