A whale maintains a long position in HYPE with 10x leverage, swinging from a $459,000 loss to an unrealized profit of $15.69 million

Odaily reported, according to Onchain Lens monitoring, a whale previously holding a long position in Hyperliquid ($HYPE) with 10x leverage has reversed after experiencing a significant drawdown, and the unrealized profit has now reached approximately $15.69 million.

According to analysis, the wallet deposited 2 million USDC into Hyperliquid in March and, instead of closing the position and exiting, continued to increase its long position in HYPE.

Data shows that the whale's position size has increased from 210,000 HYPE to 493,000 HYPE, and the current return rate on this position has reached +445.36%. Previously, this 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 is approximately $17.33 million.