The whale that " long on 11 knock-off products" has already seen its total unrealized profit exceed $1.48 million.
TL;DR
A crypto whale deposited $8 million USDC into Hyperliquid and opened long positions in 11 altcoins, achieving over $1.48 million in unrealized profit, with IP being the top gainer and VVV the biggest loser. The whale also added a leveraged Bitcoin position, bringing total holdings to $8.06 million.
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[“ Whale with $8 Million Long in 11 Altcoins” Has Total Unrealized Profit Exceeding $1.48 Million] According to Mars Finance, on January 2nd, Hyperinsight monitored that the address 0xEa6…061EE deposited 8 million USDC margin into Hyperliquid in the past 5 hours and subsequently opened long positions in the following tokens: IP /XPL /STBL /MON /PUMP /GRIFFAIN /VVV /AIXBT /HEMI /MAVIA /STABLE. Currently, the total unrealized profit of these long positions in this whale address exceeds $1.48 million: the IP long position has an unrealized profit of nearly $640,000, making it the most profitable position; the VVV long position has an unrealized loss of $30,000, making it the most losing position. This address also added a 20x leveraged long position in Bitcoin, bringing the total position size to $8.06 million, with an opening price of $87,869.5, and currently showing an unrealized profit of $65,000.