HYPE has been setting new all-time highs above $70, diverging sharply from a broader crypto market under selling pressure. Data from Lookonchain reveals a single whale trade that epitomizes this rally.
Six months ago, wallet 0x082e opened a 5x leveraged long on 1.38 million HYPE tokens valued at ~$99.77 million. The trader held through every downturn, never reducing the position.
Today, that position sits on over $46 million in unrealized profit.
The path was anything but linear. At its worst, the position was down $25 million. Conviction held. The thesis did not change. What followed is now history: a $71 million swing that converted massive paper losses into record gains.
Technically, HYPE has rallied over 240% since January. The breakout above the $60-$65 resistance zone was confirmed by surging volume. The $70 level is now the first major support; a pullback could test the $60-$65 region.