Trader watershedpath holds a HYPE long position worth about $99.7 million, up from approximately $55 million since October 2025, with about $46.3 million in unrealized profit after HYPE rebounded, according to Arkham monitoring cited by Odaily and ChainCatcher. The trader reportedly withdrew or transferred $10 million from the position to Coinbase yesterday or last night. Separately, Onchain Lens reported that an anonymous address withdrew another 42,460 HYPE worth about $2.93 million from Coinbase Prime, bringing its two-week withdrawals to 98,490 HYPE valued at roughly $6.11 million. The reports do not establish whether the address is the same as watershedpath. Onchain Lens also reported 300,660 HYPE worth about $21.02 million entering an unstaking queue, with 726,300 HYPE valued near $50.40 million scheduled to be unstaked that week.