HYPE Whale Tied to Listing Nears Break-Even as Price Reaches $38.5

A whale allegedly tied to the HYPE listing neared break-even on Feb. 3 as HYPE rose from $30 to $38.5, Coinbob's address tracker cited by BlockBeats shows. The address holds a 5x HYPE long position of about $52 million at a $38.67 average, with a $1.1 million unrealized loss (-10%). The position was opened before HYPE's Oct. 23 Robinhood listing and once faced liquidation around $20.1.