HYPE Long Position Shows $61.26 Million in Unrealized Profit

A HYPE long position with a notional value of about $114.63 million was showing approximately $61.26 million in unrealized profit as of 3:26 a.m. ET (07:26 UTC) Tuesday, making it a significant single-account exposure in the token’s futures market.

The position covers about 1.38 million HYPE tokens and represents roughly 6.88% of total HYPE futures open interest, based on a marketwide notional value of approximately $1.67 billion.

The account’s listed PnL was negative over both shorter measurement periods. Its one-day PnL stood at a loss of about $6.95 million, while its seven-day PnL showed a loss of approximately $14.34 million. Those figures are account-level PnL readings and do not represent the unrealized gain on the current position.

This was the first observation of the position. No executed trades were found in the available record, so the timing of the position’s opening could not be determined. Observed realized contract PnL was $0, excluding funding fees.