A certain whale has been holding a 10x leveraged HYPE long position against the trend, turning a loss of $459,000 into an unrealized profit of $15.69 million.

Odaily reports that, according to Onchain Lens monitoring, a certain whale's former 10x leveraged long position in Hyperliquid ($HYPE) has reversed after a significant drawdown, currently achieving an unrealized profit of approximately $15.69 million.

Analysis indicates that this wallet deposited $2 million USDC into Hyperliquid in March and, instead of closing out, continuously increased its HYPE long position.

Data shows that the whale's position size has grown from 210,000 HYPE to 493,000 HYPE, and the current position yield has reached +445.36%. Previously, the position experienced a floating loss of about 55%, corresponding to an unrealized loss of around $459,000.

As of now, the address's total trading profit and loss (Lifetime PnL) is approximately $17.33 million.