85% Win-Rate HYPE Whale: +$1.85M From $63.40 Entry
Whale Sits on +$1.85M Unrealized Gain
One Hyperliquid address has been quietly building a position in HYPE for weeks. The account 0xd21d931890d27b6e7e2e668f27931e17698e90f1 holds 108,000.2 tokens at an average entry of $63.4034, opened with 5x cross leverage. With the price near $81.92, that position is showing about $1.85 million in unrealized profit, or roughly 135% return on the margin deployed. The same wallet also carries a 400 million PUMP long from $0.004155, up around $346,000.
The 84.96% Win Rate Behind the Position
This is not a one-trade story. The address has closed 246 trades over a 163-day window with 209 winners, a 84.96% hit rate that is well above most leveraged accounts on Hyperliquid. Realized profit stands at $4.90 million against $68,108 in fees paid, and total volume traded is about $183 million. Its largest closed drawdown was $1.54 million, which the account recovered. Top markets are HYPE, ZEC, BTC, VVV and NEAR, so the book is not concentrated in a single coin.
Why This Token Is Attracting Long-Side Leverage
The altcoin has climbed roughly 2.3% in 24 hours, with Binance and OKX both quoting near $81.90-81.92 and 24-hour highs around $83.77-83.78. Open interest across the complex has risen 4.57% to $3.48 billion, with OKX OI up 14.56% and Bybit up 6.62%. Funding rates remain mild at 0.005% to 0.01% on Binance and OKX, so holding a long is not expensive right now. Liquidations on the coin in the last 24 hours split almost evenly between longs and shorts, roughly $2.07 million long vs $2.28 million short, which suggests the move is being driven by new positions rather than a one-sided squeeze.
What This Means for Traders
A 5x long with a liquidation price near $53.79 leaves a wide buffer from the current $81.92 level. The whale's edge is not leverage size but trade selection, and the 84.96% win rate reflects a patient style that holds through noise. For retail traders, the takeaway is that this rally has real open-interest growth behind it, but funding staying flat means leveraged longs are not overcrowded yet. Watch the OKX OI share: it has grown fastest, and if price stalls, that fresh leverage is the first to unwind. Data is a snapshot at Beijing time 20:22 on August 26, covering Binance, OKX, Bybit, Hyperliquid, Gate, Bitget and other major exchanges.