HYPE Price Surge Boosts Whale's Profits to $870,000

The price of HYPE has risen above $38, significantly increasing the profits of a whale investor identified by the address starting with 0x4f9. According to ChainCatcher, this investor's floating profit from HYPE long positions has reached $870,000, with a return rate of 88%. The current position size is approximately $9.9 million, with an average price of $34.8. On March 9, the investor initially transferred around $500,000 to Hyperliquid, purchasing HYPE at an average price of $30.8 using 10x leverage. In the following days, the investor continued to add funds and increase their position. As of seven hours ago, the investor was still increasing their holdings near $37, raising the average price accordingly.