PANews reported on June 1st that, according to Lookonchain monitoring, trader 0xc6fe capitalized on the HYPE price surge, profiting over $1.4 million in two days. Yesterday, he opened a long position of 110,735 HYPE (worth $7.6 million) with 10x leverage and closed the position, making a profit of $580,000. He then increased his position, opening a long position of 204,383 HYPE (worth $14.89 million) with 10x leverage, and currently has a floating profit of $838,000.