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

According to Odaily, as monitored by Onchain Lens, a whale's previously held Hyperliquid ($HYPE) 10x long position has reversed after a significant drawdown, now showing an unrealized profit of approximately $15.69 million.

Analysis indicates that the wallet deposited $2 million USDC into Hyperliquid in March and, instead of closing the position, continued to add to the HYPE long position.

Data shows that the whale's position size has increased from 210,000 HYPE to 493,000 HYPE, and the current yield on the position has reached +445.36%. Previously, the position recorded a floating 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.