According to CoinMeta, based on early monitoring of in, the address 0x4e23 started going long on HYPE yesterday with a position size of only 1.22 HYPE. Today, this address increased its position by a total of 29.6739 million US dollars and reduced it by 5.4668 million US dollars, resulting in a net increase of 24.2072 million US dollars. Currently, it holds 295,300 long positions in HYPE worth approximately 24.0627 million US dollars, at a cost of $81.5372, making it the seventh-largest long holder in Hyperliquid HYPE. It is noteworthy that this address has seen a net reduction of about 25.3683 million US dollars in its overall position; specifically, ETH saw a net reduction of 22.8042 million US dollars, and BTC a net reduction of 15.4722 million US dollars, indicating a shift in capital focus towards HYPE. There are still 24 sell orders above the current price of HYPE, totaling 327,300 HYPE or about 34.1876 million US dollars, concentrated between $99.031 and $110.74. Today, the total transactions for this address resulted in a profit and loss of +33,800 US dollars. Among them, HYPE has already incurred a loss of 70,600 US dollars, while the current long position in HYPE has a slight floating loss of 13,400 US dollars.