Two Whale Addresses Bought a Total of 358,279 HYPE in the Past 12 Hours, Worth $18.23 Million

On August 27th, the Swedish company H100 Group announced that it had increased its holdings of Bitcoin by purchasing 46.22 BTC and now owned a total of 957.5 BTC.

On August 27th, Hyperliquid's official announcement on the Discord channel stated that today, the XPL market witnessed significant volatility. The token price surged by approximately 2.5 times within a few minutes. During this period, the Hyperliquid blockchain operated normally as designed and there were no technical issues. Firstly, it carried out liquidations based on the order book, and then triggered the automatic deleveraging (ADL) mechanism in accordance with the public protocol. Hyperp adopts a fully isolated margin system where the PnL of all users is isolated from other asset positions. This liquidation and ADL only affected XPL positions, and the protocol did not incur any bad debts. The pre-market itself is unpredictable. The robust mark price formula used by Hyperp effectively prevents instantaneous price spikes. It requires the order book price to maintain a high level for several minutes before triggering liquidation. Hyperliquid is a permissionless multi-market protoc

August 27th. According to on-chain analyst Ai Auntie (@ai_9684xtpa), as Hyperliquid's XPL witnessed a short-term upward surge once again. This morning, the main operation address 0xb9c...6801e, which the sniper hedged and earned more than 16 million US dollars. Its unrealized gains reached 2.63 million US dollars. Currently, the address still holds a 10.7 million US dollar 1x long position (with 13.68 million XPL held), and the entry price is $0.5901. When XPL just touched $0.99 earlier, the unrealized gains of this address once reached as high as 5.47 million US dollars.

On August 27th, as per the monitoring of Onchain Lens, a whale address has just made a transfer of 500 BTC to Binance, with a value of $55.37 million. The wallet initially received 5,000 BTC four years ago (valued at $282 million at that time), and these assets originated from an address dating back 12 years ago when the Bitcoin price was only $322. The whale address still holds 3,500 BTC, with a value of $387 million.

August 27th. In its most recent report, Trend Research, a secondary investment institution affiliated with LD Capital, stated: "From a supply and demand standpoint, the current institutional consensus-driven demand for ETH significantly exceeds the supply from staking. We believe that the long-term fully loaded staking situation is not viable. Considering the continued implementation of crypto-friendly policies in the future and Wall Street reaching a consensus on the long-term value of ETH, the 'buying craze' for ETH has merely begun. With the approaching halving cycle, we are raising our long-term target price for ETH and think that ETH's market capitalization will surpass BTC's within 1-2 bull-bear cycles."

On August 27th, based on market data, XPL (Perpetual Contract) on Hyperliquid once more rose to reach $1 and is currently trading at $0.73. It still maintains a significant premium compared to trading on mainstream CEXs (priced at $0.57 on Binance).