According to CoinMeta, as monitored by Arkham, a large investor known as “watershedpath” has been long-term bullish on the Hyperliquid token HYPE. Currently, they hold a long position worth approximately $100 million in HYPE. Data shows that this investor has maintained a long position in HYPE since October 2025, with their holding size growing from around $55 million to the current $99.7 million. As the price of HYPE has rebounded, this position is currently generating a floating profit of about $46.3 million. It is reported that this investor transferred a portion of their HYPE to Coinbase yesterday, cashing out about $10 million.