Whale with largest HYPE long has paid $5.9M in funding fees

The address holding the largest HYPE long position on Hyperliquid has about $75.27 million in unrealized profit and has paid a cumulative $5.858 million in funding fees, according to TradingBeats. The position is valued at about $128.6 million, with an average entry price of $38.6755 and five-times cross-margin leverage applied. TradingBeats said the address opened a roughly $40 million HYPE long about five hours before Robinhood announced a spot listing for HYPE on Oct. 23, 2025. Because the entry came shortly before the announcement, some in the community raised the possibility that the holder had access to nonpublic information, and the address was at times referred to as the "HYPE listing insider whale." It later bought about 93,500 more HYPE in the $31-$32 range on Dec. 5-6, 2025, lifting total holdings to about 1.38 million HYPE. The position has been held since then, TradingBeats said.