A certain whale has held a long position in HYPE for over 7 months with an unrealized profit of $14 million, during which the position value fluctuated by more than $40 million.

BlockBeats news, on May 20, according to on-chain analyst Ember’s monitoring, a whale opened a long position of 1.38 million HYPE at an average price of $38.6 in November 2025, with a notional value of approximately $67.4 million. As of now, the position has been held for about 7 months, and the current unrealized profit is about $14 million.

It is worth noting that this position experienced extreme volatility during the holding period. Data shows that the position once faced an unrealized loss of about $26 million, approaching the liquidation line. Subsequently, it gradually recovered to break even and turn to an unrealized profit, with the position’s value fluctuating by more than $40 million during the period.

In addition, the whale has paid about $2.38 million in funding fees for this long position.