HYPE, the native token of Hyperliquid, reached a new all-time high above $83 on August 23, driven by optimism surrounding potential US market entry following statements from Donald Trump. A trader has held a long position of 1.38 million HYPE tokens opened around $38.60 for ten months, now showing an unrealized profit of $57.18 million with a total position value estimated at $110 million. This impressive performance must be tempered by $4.98 million in cumulative funding fees, bringing the net gain to approximately $52.2 million. The address has progressively withdrawn excess margin, raising its liquidation price to around $53.39 and increasing downside risk in case of a sudden market reversal.
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