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

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.

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