A whale maintained its long position in HYPE, and its unrealized profit rebounded to $12.9 million.

CoinFeed reported on May 19th that, according to Lookonchain, trader 0x082e went long on 1.38 million Hyperliquid HYPE tokens with 5x leverage more than six months ago, with a position size of approximately $66.3 million, making him the largest long HYPE holder on the chain at one point. As the price of HYPE fell, his paper losses exceeded $25 million; however, after the recent sharp rebound in HYPE, the position has turned a profit, currently showing unrealized gains of approximately $12.9 million.