# Trader Holds Hyperliquid’s HYPE Token Long With $58 Million in Unrealized Gains

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/33360
Published: 2026-10-16T16:33:59.000Z
Updated: 2026-10-16T16:33:59.000Z
Section: Investing

> The five-times-leveraged position had an average entry price of $38.68, while HYPE was priced at $81.38 in the Oct. 16 snapshot.

On Oct. 16, trader watershedpath held a five-times-leveraged long in Hyperliquid’s HYPE token, with about $58 million in unrealized gains tied to an open position.

HYPE was priced at $81.38, compared with an average entry price of $38.68. The position remained open, so the reported gain had not been realized.

Watershedpath’s cumulative profit on Hyperliquid exceeded $50 million. The position was among Hyperliquid’s largest directional bets on HYPE.