One HYPE long whale has unrealized profits exceeding $28 million, while another short whale has unrealized losses exceeding $24 million.

CoinFeed reported on May 21 that, according to Onchain Lens monitoring, with the price of HYPE trading around $54, the whale "0x082," holding a long position of 1.38 million HYPE tokens (5x leverage), currently has a floating profit of over $28 million. Meanwhile, Loracle.hl (@loraclexyz) increased its short position in HYPE by 5x, and is currently experiencing a floating loss of over $24 million.