HYPE Whale Holds $111M Long as Hyperliquid Pushes Into US Energy Markets

• Trader watershedpath holds $111 million in HYPE, the largest long onchain.
• He withdrew $18.5 million in margin, raising his liquidation price to $65.
• Hyperliquid entities have filed a CFTC comment urging US energy perpetual deals.

A trader identified onchain as “watershedpath” is holding the largest single long position in HYPE, Hyperliquid’s native token, currently worth $111 million, according to onchain analytics firm Arkham. The position comes as Hyperliquid-linked entities simultaneously push US regulators to open the door for energy perpetual contracts.

A Position Held for Nearly a Year

According to Arkham’s data:

• The trader has held a long HYPE position for almost a full year
• He is currently up $58 million on the trade
• Rather than taking profit by selling, he withdrew $18.5 million in margin over the past week
• That withdrawal raised his liqui…

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