A whale opened a long position of 1.38 million HYPE contracts at a high price and held it for four months, weathering a paper loss of $26 million until it broke even.

CoinFeed reported on March 27th that, according to on-chain analyst Yu Jin, a whale who opened a long position of 1.38 million HYPE tokens (worth $53.3 million) at a high price of $38.6 in November last year has held onto the position for four months and has now broken even after incurring a floating loss of $26 million. After opening the long position at $38.6 in November, HYPE began to decline. It fell to a low of $20 at the end of January (it wasn't liquidated because margin was added at that time), resulting in a floating loss of $26 million. After holding the position for four months, HYPE has now rebounded above his opening price, and he currently has a floating profit of $440,000.