A trader used 5x leverage to long $58.4 million worth of HYPE 4 months ago, currently floating profit exceeds $5 million

Odaily News According to Lookonchain monitoring, a trader entered the market 4 months ago at an entry price of $38.68, using 5x leverage to long 1.38 million HYPE, valued at $58.4 million, making it the largest on-chain HYPE long position. The trader has now returned to profitability; despite paying $2 million in funding fees, the floating profit still exceeds $5 million.