HYPE's largest long liquidation withdrew $8.4 million in collateral, causing the settlement price to rise aggressively to $41.3.

May 21: Per Hyperinsight Monitoring, over the past 24 hours, the top HYPE bull whale (suspected of HYPE listing insider trading) has grown its position’s unrealized gains while pulling out a massive $8.4 million in released margin as of press time. This move pushed the liquidation price from $37.9 to $41.3, signaling the whale is betting HYPE won’t fall below that level anytime soon. As of now, the address holds a long position of 1.38 million HYPE at 5x leverage, worth ~$78.3 million overall, with an average entry price of $38.67 and $24.8 million in unrealized gains (up 158%). Since HYPE bounced back from $20.4 in January, every major price rally has been followed by big unrealized gain withdrawals as margin—totaling over $20 million to date—pushing the liquidation price steadily higher from its $20.1 low. The whale opened this huge long position on October 23 last year, right before HYPE listed on Robinhood. Over the next 10 days, HYPE jumped from $38 to $50, but the address never took profits to exit the trade. Address: 0x082e843a431aef031264dc232693dd710aedca88