A certain trader held a 10x leveraged long position on HYPE against the trend, turning a loss of $459,000 into an unrealized profit of $15.69 million.

According to Odaily, monitored by Onchain Lens, a whale's previously held 10x leveraged long position on Hyperliquid ($HYPE) has reversed after a significant drawdown, with unrealized gains now reaching 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 increase its HYPE long position.

Data shows that the whale's position size has grown from 210,000 HYPE to 493,000 HYPE, with the current position yield reaching +445.36%. Previously, the position had 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.