HYPE Whale Holds $11.2 Million 5x Leveraged Long Position on Hyperliquid

The watershedpath account held a 5x-leveraged HYPE long valued at $11.2 million. The position remained open, meaning any gain was tied to the active trade and had not been realized by closing it. The $11.2 million figure describes the long's value, separate from its unrealized profit.

HYPE was priced at $81.38, compared with an average entry of $38.68. That price was $42.70 above entry, or about 2.1 times the entry level. The position was among Hyperliquid's largest single-sided HYPE trades.

The account's total profit on Hyperliquid exceeded $50 million. That account-wide figure is distinct from any unrealized gain tied to this open long. The position itself had not been closed for profit, so any gain remained unrealized.