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Two HYPE Whales Take Opposing 5x Leveraged Bets Exceeding $60 Million

Two HYPE Whales Take Opposing 5x Leveraged Bets Exceeding $60 Million

According to Lookonchain, trader 0x082e’s 1.38 million-HYPE long moved into roughly $12.9 million in unrealized profit after previously showing losses of more than $25 million, highlighting the volatility of leveraged whale trades.

HYPE

Fact Check
The claim is strongly supported by multiple independent sources all citing Onchain Lens on-chain monitoring data from 2026-05-19. The Odaily newsflash 482360 directly confirms the 1.38 million-HYPE long position valued at ~$66 million with unrealized profit exceeding $12.7 million. The Odaily newsflash 482339 confirms both sides of the opposing bet exceed $60 million. The Onchain Lens X post (status 2056534324389028320) and PANews article corroborate the short side (Loracle.hl, 1.44 million HYPE, 5x short, ~$69.3 million). The AToken X post independently confirms the long side figures. Minor numeric variations across sources (e.g., $11.98 million vs $12.7 million profit) reflect different timestamps as HYPE's price moved intraday, not contradictions. All core claim elements - two opposing whales, 5x leverage, positions exceeding $60 million, ~$66 million long, ~$12.7 million unrealized profit - are confirmed.
Summary

Two large traders took opposing 5x leveraged positions in HYPE, each exceeding $60 million in notional value. Ember Loracle held a short position of 1.44 million HYPE valued at about $68.43 million to $69.3 million, with an entry price of $42.55, a reported liquidation price of $69.64, and an unrealized loss reported at about $7.004 million to $8 million. On the other side, trader 0x082e held a 1.38 million HYPE long that Lookonchain said was opened more than six months ago at about $66.3 million and later turned profitable with about $12.9 million in unrealized gains, after at one point showing losses exceeding $25 million. Earlier reporting on the long cited an entry price of $40.44, a liquidation price of $37.96, funding fees paid totaling $2.3 million, and unrealized profit above $12.7 million. The positions highlight sharply split whale sentiment and the heightened risk of leveraged trading in volatile crypto markets.

Terms & Concepts
  • Leverage: Borrowed exposure that lets traders control a larger position with less capital, increasing both potential gains and potential losses.
  • Short position: A trade that profits if an asset’s price falls, while losses grow if the price rises.
  • Liquidation price: The price level at which an exchange or protocol automatically closes a leveraged position to prevent further losses.