HYPE has recently seen a significant increase, but the largest on-chain HYPE bull is still deeply in a floating loss of 17 million due to an average price of 38 dollars

According to HyperInsight monitoring, since January 2, HYPE has recorded a cumulative increase of over 13%, reaching a high of $27.4. The long-term bullish whale on HYPE has seen its unrealized loss narrow from about $20 million to $17 million, with an average price of $38.6 and a liquidation price of $20. The current position size is approximately $36.44 million, making it the largest bullish whale on HYPE on Hyperliquid. This address made a large long position on October 23, before Robinhood announced the launch of HYPE spot trading, leading the community to suspect insider information. Currently, this long position remains significantly in the red two months later.