Stanley Huang Begins Gradually Closing Long HYPE Positions for Profit-Taking, with Unrealized Gains of $6.5 Million

According to Ember monitoring, Machi Big Brother Huang Licheng has begun gradually closing his long positions in HYPE to take profits, currently having a floating profit of $6.5 million on HYPE. In May, he purchased 200,000 HYPE spot at a price of $29.4, and then went long on 650,000 HYPE through contracts with 5x leverage, with an average opening price of $35.6. As the price of HYPE rose above $40, he started gradually closing his long positions in HYPE to take profits. He currently still holds 440,000 HYPE long positions and 200,000 HYPE spot.