Whale Shorts 1.69M HYPE with 5x Leverage, Unrealized Profit Hits $9.68M and $775k Funding Fee

COINOTAG News reports on December 29, citing Hyperinsight monitoring, that a single whale opened a short position on 1,691,580 HYPE with 5x leverage, representing approximately $43.9 million in notional exposure. The average entry price was $31.68 per HYPE, underscoring substantial liquidity activity in the token’s market microstructure.

The position is currently in the green, showing an unrealized profit of around $9.68 million, while funding-fee payments total $775,000 to date. This level of whale activity highlights the scale of capital flows within the HYPE ecosystem and the relevance of funding-rate dynamics for mark-to-market valuations.