A trader holding a 10x long position on HYPE against market trends turned a $459,000 loss into an unrealized profit of $15.69 million

According to Onchain Lens monitoring, a whale's previously held 10x long position on Hyperliquid ($HYPE) has reversed after experiencing a significant drawdown, with unrealized gains now reaching approximately $15.69 million.

Analysis shows that the wallet deposited 2 million USDC into Hyperliquid in March. Instead of closing the position and exiting, the entity continued to increase its HYPE long position.

Data indicates the whale's position size has grown from 210,000 HYPE to 493,000 HYPE, with the position's current yield reaching +445.36%. Previously, the position had recorded an unrealized loss of approximately 55%, corresponding to an unrealized loss of about $459,000.

As of now, the cumulative trading profit (Lifetime PnL) for this address stands at approximately $17.33 million.