Unrealized profit of approximately $58 million, watershedpath holds a $11.2 million HYPE long position

Odaily News: According to watershedpath monitoring, watershedpath holds a HYPE long position worth $11.2 million with 5x leverage, with unrealized profit of approximately $58 million. The average entry price for this position was $38.68, and the current price is $81.38, roughly double the entry price. watershedpath has held this position until now without taking profits. This position is one of the largest single-sided HYPE allocations on Hyperliquid, and watershedpath's total profit on the platform has exceeded $50 million.