A whale opened a long position in HYPE worth approximately $41.36 million and has already incurred a paper loss of approximately $12.01 million.

According to crypto analyst EmberCN, a whale went long on 1.38 million HYPE tokens at $38.6, with a position size of approximately $41.36 million. The current unrealized loss is approximately $12.01 million. The liquidation price for this long position was $23.7.