A whale used 10x leverage to long HYPE, turning a $450,000 loss into a $15.69 million profit.

TechFlow reports, July 7, according to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a whale deposited $2 million USDC into Hyperliquid in March this year and opened a 10x leveraged HYPE long position. Since then, the whale has continued to add to the position rather than close it, expanding the position from 210,000 HYPE to 493,000 HYPE, with a holding gain of +445.36%. Unrealized profit reversed from a previous loss of $459,000 to a profit of $15.69 million, with cumulative historical total profit reaching $17.33 million.