A giant whale continues to hold a long position in HYPE, with unrealized profits rising to $12.9 million.

On May 19th, according to Lookonchain, a trader known as 0x082e opened a long position on 1.38 million Hyperliquid (HYPE) tokens with 5x leverage over six months ago. The position size was approximately $66.3 million, making it the largest on-chain HYPE long position at one point. As the price of HYPE declined, the trader's unrealized losses exceeded $25 million. However, following a recent significant rebound in HYPE's price, the position has turned profitable, with current unrealized profits of approximately $12.9 million.