Whale opens a $20M 5x long position on $HYPE
Plans to add $6M more via limit orders
Liquidation price set at $22.72
A major crypto whale, identified as wallet address 0xBd8c, has made a bold move on the HYPE token. Over the past 15 hours, the whale opened a 5x leveraged long position worth 638,441.54 HYPE tokens — valued at approximately $20 million.
This aggressive bet suggests strong confidence in the short-term upside of HYPE, a trending token gaining momentum in the altcoin space. With leverage comes risk, but whales like 0xBd8c often move with insider knowledge or deep conviction.
More to Come: $6M in Pending Orders
The whale isn’t done yet. Limit orders have been placed to accumulate an additional 200,000 HYPE tokens — around $6 million worth — in the $29.5 to $30.399 price range. This layered strategy indicates a planned scaling-in approach, a technique often used by sophisticated traders to manage risk and maximize potential gains.
The addition of more capital in a tight price range suggests the whale anticipates a near-term breakout or a support rebound within that band.
Whale 0xBd8c has opened a 5x long on 638,441.54 $HYPE($20M) over the past 15 hours.
He also placed limit orders to add another 200,000 $HYPE($6M) to his long position in the $29.5–$30.399 range.
Current liquidation price: $22.72https://t.co/KIWCVY4mow pic.twitter.com/4tOkXnykbb
— Lookonchain (@lookonchain) December 1, 2025
Risk Factors: Liquidation Price at $22.72
Despite the whale’s confidence, the trade carries substantial risk. The current liquidation price stands at $22.72. If HYPE dips below this level, the position will be forcefully closed, resulting in significant losses.
With such a large position in play, retail traders and market watchers are keeping a close eye on this move. Whales often influence short-term price action, and this bet could spark further volatility in HYPE.
The post Whale Goes 5x Long on $20M HYPE Bet appeared first on CoinoMedia.
