Trader Holds Hyperliquid’s HYPE Token Long With $58 Million in Unrealized Gains

On Oct. 16, trader watershedpath held a five-times-leveraged long in Hyperliquid’s HYPE token, with about $58 million in unrealized gains tied to an open position. HYPE was priced at $81.38, compared with an average entry price of $38.68. The position remained open, so the reported gain had not been realized. Watershedpath’s cumulative profit on Hyperliquid exceeded $50 million. The position was among Hyperliquid’s largest directional bets on HYPE. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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