A certain contrarian leveraged a 10x long position on HYPE, turning a loss of $459,000 into an unrealized profit of $15.69 million

According to monitoring by Odaily Planet Daily and Onchain Lens, a whale has reversed a significant drawdown on a previously held long position with 10x leverage on Hyperliquid ($HYPE). The unrealized profit from this position has now reached approximately $15.69 million.

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

Data indicates that the whale's position size has grown from 210,000 HYPE to 493,000 HYPE. The current return on this position is +445.36%. The position previously recorded a floating loss of approximately 55%, corresponding to an unrealized loss of about $459,000.

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