A crypto whale is getting attention while investing in Hyperliquid ($HYPE). The investor’s 3.92 million USDC deposit to acquire $HYPE and establish leveraged long positions over the previous 24 hours indicate significant confidence despite the current market turmoil. However, the whale’s present holdings reflect huge unrealized losses, illustrating the perils of high-stakes trading in unpredictable markets. This data has been revealed today by Spot On Chain, a popular on-chain analytics platform.
Whale’s Current Spot and Futures Positions on $HYPE
The whale’s current spot holding is 241,876 $HYPE ($3.53 million at current prices). Unfortunately, he has suffered an unrealized loss of $1.47 million (-29.4%). The reason behind the loss is that the whale made the purchase at a higher price during some previous rally. Now that $HYPE is underwater, he is facing the loss.
On the other hand, the whale has also placed a long position bet. The position taking into account 320,333 $HYPE coins has been opened at $14.46. The leverage set for this particular trade is 3x. If $HYPE price improves, this bet will prove to be potentially gainful. Conversely, if $HYPE fails to rebound, the whale will see the loss amount increasing rapidly.
Moreover, there is also a pending order of 5,080 $HYPE between $14.05–$14.15. It seems like that the whale is trying to leverage the dip and accumulating more tokens at comparatively lower rates. This means that the whale is buying the dip and is still bullish on $HYPE.
Market Situation of $HYPE
Since February 2025, the crypto market has been under the weather and the whales are reaping the benefits by accumulating coins at lower prices. The situation is the same for the $HYPE as it has faced a steep decline. But this particular whale’s accumulation of tokens also signifies his potential belief in the recovery of $HYPE because large buy orders can still stabilize $HYPE.
To sum up the data shared by Spot on Chain, the bold moves of this whale suggest optimism in the potential rebound of $HYPE. Yet, the unrealized loss of -29.4% is a reminder of market volatility. This bet can turn out to be either an excellent payoff or a cautionary tale. Traders are watching the whale’s move closely to identify $HYPE’s trajectory.
