HYPE's largest long whale has held the position at an average price of $38 for five months, and the $51 million holdings may be able to be unlocked.

MarsBitNews · 2026-03-12T07:41:13+00:00

According to Mars Finance, HYPE's price has risen back to $37, with the large whale holding a position worth $51.5 million, and unrealized losses narrowing to $2 million. The whale recently withdrew $4.5 million in margin, raising the liquidation price to $27.5, indicating confidence in HYPE's future performance. The whale has held this position for nearly five months, and despite facing significant losses, continues to hold.

MarsBitNews

2026-03-12 07:41:13

Abstract generation in progress

Mars Finance News, March 12 — According to Hyperinsight monitoring, as HYPE price continues to rebound and surpass $37 this morning, the largest long whale suspected of having insider information about HYPE listing is once again approaching liquidation. Its current holdings amount to $51.5 million, with an average price of $38.67, and unrealized losses have narrowed to $2 million (-19%). The liquidation price is $27.55, and the current funding rate settlement has recorded a loss of $1.65 million.

As it approaches breakeven, this address will withdraw approximately $4.5 million in margin today. This operation has raised its liquidation price from a low point to $27.50. For long positions, withdrawing margin means actively raising the liquidation line, indicating confidence that HYPE “will not fall below $28.”

This whale “holding position” has lasted nearly five months: On October 23 last year, just before HYPE launched on Robinhood, this address heavily accumulated long positions. In early February, when HYPE surged to nearly $50, it could have exited with substantial profits but chose to continue holding. Subsequently, the price fell below the cost basis, yet it kept rolling over and adding longs up to $29, with unrealized losses once approaching $26 million, and the liquidation price dropping to as low as $20.10. In mid to late January this year, its position was only 0.37% away from the liquidation line.

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