A trader went long on HYPE with 10x leverage on Hyperliquid, resulting in an unrealized profit of approximately $17.4 million.

On October 20, on-chain analytics platform Arkham (@arkham) data shows trader 0x666 holds an HYPE long position worth $35.31 million on Hyperliquid with 10x leverage. At an entry price of $39.81 and a current mark price of $78.46, the position holds an unrealized profit of approximately $17.4 million.

On-chain data indicates this is the only open position currently held by the address, which has not yet been reduced. The address’s Hyperliquid account is currently valued at approximately $27.47 million.