Four Digital Currencies to Monitor as Savvy Investor Initiates Large Long Position

A prominent trader has initiated significant leveraged positions across Bitcoin, Ethereum, PEPE, and HYPE, with a total value of $120.8 million. These positions have already yielded unrealized profits of $1.17 million. This investor, also a significant HYPE holder, possesses over 501,000 HYPE tokens worth approximately $23.35 million, showing an unrealized gain of $12.48 million, a 115% increase.

The same individual has deposited $8.62 million in USDC in another wallet, placing a new order to purchase HYPE. Meanwhile, HYPE is demonstrating ongoing strength, trading at $46.98, up 3% in the last 24 hours despite a 4% pullback over the week. Its recent breach of the $44-$45 resistance zone, now acting as support, suggests potential for another surge towards $50.