HYPE top long position address still bullish at average price of $38.6, with position size reaching $54.6 million

MarsBitNews · 2026-03-26T04:16:09+00:00

Mars Finance reports that HYPE price has fallen below $40, with the floating profit of major long-position whale reduced to $1.16 million. The whale holds $54.6 million in long positions, and despite facing losses, appears to still plan to hold long-term, anticipating HYPE to break through $50.

MarsBitNews

2026-03-26 04:16:09

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Mars Finance reports that on March 26, according to Hyperinsight monitoring, the HYPE price fell below $40 this morning. The on-chain largest HYPE bull, suspected of insider trading related to HYPE listing, has seen its unrealized gains shrink from recent highs of $4.6 million to $1.16 million. Currently, it holds a 5x leveraged HYPE long position worth $54.6 million, with an average entry price of $38.67, and an unrealized return of 11%. The liquidation price recently increased from $27.55 to $30.15. The funding rate settlement has recorded a loss of $1.82 million.

It is reported that this address heavily increased its long position on October 24 last year, just before HYPE was listed on Robinhood, timing the entry precisely. However, as HYPE approached a high of nearly $50 at the end of October, this address did not take any profit. During this recent rally, it remained inactive and did not reduce its position, possibly indicating a long-term hold with hopes of HYPE breaking through the $50 barrier.

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