Largest On-Chain HYPE Long Position Holds $58 Million in Unrealized Profit

Arkham Intelligence reports that trader 'watershedpath' maintains the largest on-chain long position for HYPE, with unrealized gains totaling approximately $58 million. The trader has held this position for nearly a year, with an exposure of $111 million. Over the past week, the trader withdrew $18.5 million in margin, raising the liquidation price to $65. The position remains profitable even if a liquidation event occurs.