Gate News message, April 26 — The largest HYPE position holder on Hyperliquid has accumulated $3.42 million in unrealized gains, a significant turnaround from a previous $23.18 million unrealized loss, according to on-chain analyst Ai Yiyi.
The address currently holds 1.38 million HYPE tokens valued at approximately $56.82 million, with an average entry price of $38.675 per token. The cumulative funding fees paid on this single position have reached $2.107 million.
The address began accumulating its large HYPE position in late October of last year. During January’s price decline, the holder made multiple margin deposits to avoid liquidation. The extended holding period and large position size have resulted in substantial funding fee expenses.
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