Data: The whale that previously bottomed out HYPE at an average price of $22 has already doubled its principal, with a floating profit of $12 million

According to market news, a whale (0x8def…) has achieved significant profits in HYPE trading. This address established a 5x leveraged long position at an average price of about $22.3 on January 12, with a liquidation price of around $20. As HYPE's price has surged recently, its position has seen substantial unrealized gains.

Currently, the HYPE long position of this address has reached a scale of $39,550,000, with an average price of $22.36, resulting in an unrealized profit of about $12,100,000 and a return of 154%. Its account balance has grown from approximately $13,000,000 to about $26,000,000, achieving a doubling of funds.