Smartestmoney holds 1.38 million HYPE in $52.76 million unrealized profit

Smartestmoney holds 1.38 million HYPE in a long position, with $52.76 million in unrealized profit, Onchain Lens reported. The position was opened 11 months ago and has a liquidation price of $71.08, while HYPE is trading at $76.96. A long position benefits from an asset’s price rising above its entry level, while unrealized profit reflects gains that have not been closed or realized.