A well-known Bitcoin early adopter has accumulated 152,362 HYPE tokens worth approximately $9.5 million over the past four days, with an additional time-weighted average price (TWAP) order placed for 31,775 HYPE ($2 million), according to blockchain data from Hyperdash.
Beyond the HYPE accumulation, the whale has opened a 5x leveraged long position on Bitcoin valued at $38.9 million, with an entry point of $77,394 and liquidation level at $25,061. The same trader simultaneously established a 3x leveraged short position on Zcash (ZEC) worth $37.9 million, entering at $626.5 with a liquidation threshold of $1,069.8.
The coordinated moves signal conviction in Bitcoin's upside while hedging directional exposure through a contrarian Zcash position. The magnitude of leveraged positions and concentrated HYPE purchases suggest the trader is positioning ahead of potential volatility, though the paired long-short strategy indicates a more sophisticated directional bet rather than pure speculation on individual assets.