One of the famous whales in the cryptocurrency market has drawn attention by opening a massive position worth a total of $120.8 million on the Hyperliquid platform with great expectations of an upward trend.
According to data shared by Spot On Chain, this whale took long positions at maximum leverage levels in Bitcoin (BTC), Ethereum (ETH), HYPE, and Pepe (PEPE) cryptocurrencies. The whale made an aggressive entry into the market using 40x leverage in BTC, 25x in ETH, and 10x in both HYPE and PEPE. The whale has already made approximately $1.17 million in profit from its current position.
The whale also stands out as a major investor in HYPE tokens. Holding a total of 501,796 HYPE tokens in its wallet, the current market value of this investment is approximately $23.35 million. The unrealized gains from the whale's HYPE position have reached a whopping $12.48 million, amounting to 115%.
The HYPE token, which has become the center of attention for cryptocurrency whales, is known for its high volatility and popularity. The whale's aggressive positions also increase expectations that there may soon be significant movement in the market. Experts indicate that such moves carry important signals about the market direction.
While the outcome of this massive move in the market is eagerly awaited, investors are closely monitoring the whale's movements.
