The largest on-chain HYPE long is carrying about $56.56 million in unrealized profit on a 1.38 million-token position using 5x leverage, as HYPE set another all-time high on Aug. 24. The address has paid $5.03 million in funding fees for the trade, according to monitoring by TradingBeats, formerly Hyperinsight. The trader opened a roughly $40 million, 5x-leveraged HYPE long about five hours before Robinhood announced the spot listing of HYPE on Oct. 23, 2025. The precise timing led community members to suspect access to undisclosed information, earning the address the nickname HYPE listing insider whale.