Whale opened a Long position on Altcoin, earned nearly a million in a short time: Price is rising! - Coin Bulletin

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An investor made significant profits in a short period by opening a long position on the HYPE token with 3x leverage.

High-risk transactions in the cryptocurrency market can sometimes bring significant rewards. According to Lookonchain data, an unnamed investor opened a **3x leveraged long position on the altcoin named HYPE at a price level of $11.37. Following this transaction, with the upward movement of the price, the investor's unrealized (unrealized) profit reached $900,000.

Leveraged trading allows investors to open positions above their capital while also multiplying the risks. Especially trades opened with medium-level leverage like 3x carry high profit potential when timed correctly. This investor seems to have taken advantage of high volatility by entering the market at the right moment.

According to CoinGecko data, it is finding buyers at $12.2 with a 19% increase in the last 24-hour period.