HYPE surges over 39 dollars in the short term, on-chain largest bullish whale's 54 million scale long position achieves breakeven

MarsBitNews · 2026-03-16T08:32:42+00:00

HYPE price continues to recover, reaching a new four-month high of 39 dollars, causing a whale holder's position to turn profitable with a long position of 54 million dollars. Despite current floating gains of 590,000 dollars, the whale chooses to continue holding for nearly five months.

MarsBitNews

2026-03-16 08:32:42

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Mars Finance News, March 16 — According to Hyperinsight monitoring, HYPE’s price has continued to rise, surpassing $39 and reaching a nearly 4-month high. The largest HYPE bull, suspected of having insider information about HYPE listing, has turned a profit with a whale holding a position of $54 million in HYPE longs. The position has been unwound, but as of press time, it has not been closed. The current average entry price for HYPE longs is $38.67, with an unrealized profit of $590,000 (5%). The liquidation price is $27.55. The funding rate settlement has recorded a loss of $1.66 million, and the position remains open as of press time. This whale “holding” position has lasted nearly five months: on October 23 last year, just before HYPE was listed on Robinhood, this address heavily accumulated long positions. In early February, when HYPE rose to nearly $50, it could have exited with substantial profits but chose to continue holding.

HYPE4.96%

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