BlockBeats News, July 17: An address that had been dormant for nearly 5 months restarted today. This address had not seen any transactions since exiting a profitable first-round HYPE long position in February, with the liquidation price at around $32.

Following a drop in HYPE today, approximately 1 hour ago, $4.15 million was deposited into this address. Subsequently, within 6 minutes, 4 consecutive HYPE perpetual TWAP buy transactions were initiated, with a planned total position of 110,000 tokens. After a hiatus since May, it is still targeting the same asset.

The execution schedule for the 4 TWAP transactions is as follows:

70,000 tokens: Executed over 210 minutes, expected to continue until around 8 p.m. tonight; 20,000 tokens: Executed over 90 minutes, expected to be completed by early evening around 6 p.m.; 10,000 tokens: Executed over 90 minutes, expected to be completed by early evening around 6 p.m.; 10,000 tokens: Executed over 30 minutes, all have been filled.

Based on the current HYPE price of $60.2, if all 4 TWAP transactions are completed, the address will hold a long position of 110,000 HYPE tokens, with a nominal value of approximately $6.621 million.

As of the time of writing, about 40% of the accumulation has been completed: approximately 45,700 HYPE tokens have been bought through 2401 transactions, with a total transaction value of around $2.727 million and an average price of $59.7; approximately 64,300 tokens are still pending execution.

Currently, the address is maintaining a 10x leveraged long position in HYPE, with a position value of around $2.75 million and an unrealized profit of about $24,000 (based on a margin basis of approximately 8.6%). As 3 TWAP transactions are still in progress, the position size and average price will continue to change, and buying pressure is expected to continue until around 8 p.m. tonight.

Address: 0x666073af75b8d2e6e9efea414db566494e61aafe