COINOTAG News, citing LookIntoChain monitoring, reported that a newly created wallet opened a 10x long position on the HYPE token on December 19. The move represents on-chain activity from a fresh address and is being observed as part of routine risk and liquidity tracking in crypto markets.

The wallet now holds 207,497 HYPE tokens, valued at approximately $4.72 million, with a liquidation price around $13.681 per token, according to the latest on-chain data. Market participants should consider liquidity depth and risk controls before pursuing leveraged exposure to the HYPE market.