A whale identified as "watershedpath" holds a HYPE long position (a bet on price gains) worth about $100 million, according to Arkham monitoring cited by Odaily. The trader has maintained the position since October 2025, increasing it from about $55 million to $99.7 million. HYPE’s rebound has left the position with approximately $46.3 million in unrealized profit. The whale reportedly transferred part of its HYPE holdings to Coinbase yesterday and cashed out about $10 million.