A cryptocurrency whale who invested $53.3 million in 1.38 million HYPE tokens at $38.6 each last November has successfully recovered from a significant loss. After the initial purchase, HYPE's price dropped, reaching a low of $20 by late January, resulting in a paper loss of $26 million. The investor avoided liquidation by adding margin.
Now, after holding the position for four months, the price of HYPE has rebounded above the initial purchase price, resulting in a profit of $440,000. This recovery marks a significant turnaround for the investor, who managed to withstand the market volatility.
Whale Recovers $26 Million Loss on HYPE Investment
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