HYPE Surges 12% Today, Whales Reportedly Short-Term Profit Over $3 Million in "Alleged HYPE Listing Insider Trading"

BlockBeats News, November 18, according to HTX market data, HYPE continued to rise today by over 12%, reaching a high of 41.8 US dollars. According to HyperInsight monitoring, the HYPE long position of the suspected insider whale (0x082) has turned from a loss to a profit, with a peak unrealized gain of 3 million US dollars (31%), which has slightly decreased. The current position size is approximately 53.07 million US dollars with an average price of 39.18 US dollars. Their main long positions currently are: HYPE 53.07 million US dollars, STRK 4.58 million US dollars, PURR 0.5 million US dollars.

This address had opened a 40 million US dollars HYPE long position (5x leverage) 5 hours before Robinhood announced the launch of HYPE spot trading on October 23, leading to community suspicions of insider trading.