HYPE rose about 6% early June 15, briefly returning to a high near $64, as open interest for the contract on Hyperliquid surpassed $1.3 billion and 24-hour trading volume reached $470 million.

According to BlockBeats On-chain Detection, Hyperinsight monitoring data showed the move occurred in the morning session.

A whale described as a suspected beneficiary of alleged insider activity related to HYPE listings saw unrealized profit expand to $34 million. The address is holding a 5x leveraged long position of 1.38 million HYPE, with a position size of about $87.6 million, an average entry price of $38.67, and a liquidation price of $50.9.

The report said the whale has repeatedly withdrawn large amounts of margin tied to floating profits after each rally, with cumulative realized gains exceeding $20 million. Its liquidation price has been raised steadily from a low of $20.1.

The position was built up in advance on October 23 last year, on the eve of HYPE’s launch on Robinhood.

Wallet address: 0x082e843a431aef031264dc232693dd710aedca88