According to TradingBeats, the unrealized profit of the address holding the largest HYPE long position on Hyperliquid is approximately $75.27 million. The position size is approximately $128.6 million, with an average entry price of $38.6755, and 5x cross-margin leverage applied. This address opened a HYPE long position worth approximately $40 million on October 23, 2025, about 5 hours before Robinhood's announcement of a HYPE spot listing. As the entry time was just before the announcement, the community raised the possibility of access to non-public information, and this address was sometimes referred to as the 'HYPE listing insider whale'. Subsequently, on December 5-6, 2025, it additionally purchased approximately 93,500 HYPE tokens in the $31-32 range, increasing its holdings to approximately 1.38 million tokens. Since then, it has maintained this position and has cumulatively paid $5.858 million in funding fees.
