Hyperliquid (HYPE) — Onchain News & Whale Tracking

Amid the crypto market downturn, Hyperliquid's revenue rose to $3.91 million in the past 24 hours.

According to Defillama data, amid the crypto market slump, Hyperliquid generated $3.91 million in revenue over the past 24 hours, ranking third—only behind Tether ($17 million) and Circle ($6.76 million). Hyperliquid’s revenue over the past seven days stood at $18.37 million, marking a 20.37% increase in the period. The sharp crypto market decline drove a surge in Hyperliquid’s perpetual contract trading volume. Per DefiLlama, Hyperliquid’s perpetual contract trading volume hit $71.567 billion over the past seven days, up 14.36% from the prior seven-day window; the perpetual contract business contributed $17.76 million in revenue in the same period, accounting for roughly 97% of total revenue. During periods of extreme price volatility, liquidations, hedging, and forced liquidations can all boost trading activity, generating higher transaction fees.

Nearly $60.3 million in HYPE liquidations were recorded on Hyperliquid over the past 24 hours, with long positions accounting for 99.7% of the total.

According to Mlm's monitoring, HYPE contracts on Hyperliquid recorded around $60.3 million in liquidations over the past 24 hours, marking a one-year high. Of this total, long positions accounted for approximately $60.1 million, or 99.7%. During the period, HYPE fell to a low of $59.85, with liquidations involving 3,284 wallet addresses and 13,161 liquidation trades. The liquidations were concentrated within two hours: roughly $12.1 million in the first hour starting at 20:00 UTC, followed by $20.9 million in the subsequent hour, totaling around $33 million, or about 55% of the 24-hour total. The largest such event in the prior 12 months occurred on November 21, 2025, when HYPE long positions saw $50.9 million in liquidations.

A Hyperliquid trader has secured gains from three consecutive short positions, netting $2.19 million by shorting PONS.

According to OnchainLens monitoring, a Hyperliquid trader has secured three consecutive profitable short positions: earning $652,100 by shorting ZEC, $36,500 by shorting UNI, and $2.19 million by shorting PONS. The trader currently holds a ZEC short position worth $2.58 million, with an additional $1.21 million in unrealized profit.

Abraxas Capital's Hyperliquid hedging accounts hit $512M total profit with shorts down to $572M

Abraxas Capital's 2 hedging accounts on Hyperliquid have now made over $512M in total profit. Their combined short positions have dropped to $572M.

Hyperliquid’s open interest rose to $16.8 billion at the end of Q3, hitting a new high and surpassing Bybit, Kraken, and OKX.

Hyperliquid Research Collective’s third-quarter report shows that as of the end of September, Hyperliquid’s derivatives open interest hit a record $16.8 billion, nearly 80% higher than the end of June, surpassing Bybit, Kraken, and OKX. Among Hyperliquid and the eight other major exchanges tracked in the report, its open interest share rose from 9.6% to 11.7%. Trading activity is also rebounding: Hyperliquid’s native perpetual contracts monthly trading volume climbed from $109.5 billion in July to over $188 billion in September, with a record quarterly average daily number of traders of 65,161. Stock-linked perpetual contracts saw 161% growth in the third quarter to $153.8 billion, outperforming commodity contracts. These contracts are deployed by third parties via the HIP-3 mechanism. Hyperliquid’s third-quarter protocol revenue was approximately $191 million, up 21.7% quarter-over-quarter but down 36.5% year-over-year. USDC reserve revenue sharing from its partnership with Coinbase contributed $17.3 million, accounting for roughly half of the quarterly revenue increment; priority fee revenue stood at $9.6 million. Separately, Bloomberg cited analysis from Loris Tools noting that a wallet linked to market maker Wintermute won around 76% of the highest-priority data seat auctions last month. Winners can access order information before it is processed, enabling them to adjust quotes or hedge. Critics argue this gives large trading firms an unfair advantage; Wintermute defends that public bidding is a transparent way to secure speed advantages.

Hyperliquid’s Q3 protocol revenue reached $191 million, up 21.7% quarter-over-quarter.

Hyperliquid’s third-quarter protocol revenue reached $190.9 million, rising 21.7% quarter-over-quarter, marking the highest single-quarter figure since 2026. USDC reserve yields and priority fees were the main drivers of the quarter’s revenue growth. USDC reserve yields have totaled $17.3 million as of August 27, accounting for roughly half of the quarter’s revenue increase. Priority fee revenue hit $9.6 million, about 3.3 times that of the previous quarter, primarily from traders paying for faster transaction execution and data access. The two revenue streams combined make up 14% of the quarter’s total protocol revenue, with their growth not dependent on trading volume growth.

Three Hyperliquid whales collectively shorted approximately $19.66 million worth of Bitcoin (BTC).

According to OnchainLens monitoring, three large crypto whales hold a combined BTC short position worth approximately $19.66 million on Hyperliquid, with leverage ranging from 10x to 25x. One of them has a historical cumulative loss of around $24.86 million, while another has a historical cumulative profit of about $17.08 million.

Unrealized losses on BTC long positions on Hyperliquid reached $130 million; a drop to $65,000 could trigger $228 million in liquidations.

According to TradingBeats' monitoring, the Hyperliquid platform currently has around 24,920 wallets holding long Bitcoin (BTC) positions, with an open interest of $1.32 billion, accounting for 67% of BTC's total positions. The average entry price for these long positions stands at $75,565, roughly 9.2% above BTC's current price of $68,588, resulting in an overall unrealized loss of approximately $130 million. Of these long positions, 95% are in the red, and about 40% have an entry price higher than $76,000. For liquidation risk, the average liquidation price for these long positions is $52,128. If BTC falls to $65,000, an estimated $228 million in long positions will face liquidation; at $60,000 and $55,000, the potential liquidation volumes will rise to $427 million and $647 million respectively. Over the past 24 hours, roughly $258 million in BTC long positions on Hyperliquid have been liquidated.

NVIDIA's 24-hour contract trading volume on Hyperliquid surged to $1.5 billion, with the long-short ratio standing at 4.47:1.

According to TradingBeats' monitoring, NVIDIA contract trading volume on Hyperliquid has surged to the top of the platform's trading volume leaderboard. The 24-hour contract volume reached $1.5 billion, with open interest (OI) standing at $549 million, 12,538 active traders in the past 24 hours, and a long-short ratio of 4.47:1.

Hyperliquid has cumulatively burned 5.05% of its total HYPE token supply, with the destroyed tokens valued at approximately $35.5 billion.

According to Onchain Lens data, Hyperliquid repurchased and burned approximately 21,200 HYPE tokens in the past 24 hours, at an average repurchase price of $72.31, with the burned tokens valued at around $1.53 million. As of now, Hyperliquid has cumulatively burned roughly 50.47 million HYPE tokens, which at current prices is valued at about $3.55 billion, accounting for 5.05% of the token’s total supply. The platform’s cumulative revenue stands at $1.41 billion, with revenue of approximately $68.82 million over the past 30 days.

Crypto market maker Wintermute has generated $227 million in historical profits on Hyperliquid, and currently holds $72.45 million in short positions.

According to monitoring by Onchain Lens, market maker Wintermute has accumulated $227.01 million in trading profits on Hyperliquid, with a $18.9 million profit over the past 30 days and current unrealized profit of $3.13 million. Wintermute holds approximately $92.45 million in open positions, of which short positions total $72.45 million. Its largest short positions are in ETH ($13.84 million), SOL ($11.24 million), and HYPE ($6.51 million).

The open interest of NVIDIA contracts on Hyperliquid under HIP-3 has reached $535 million, second only to BTC, ETH, and HYPE.

According to monitoring by Mlm on Chain, NVIDIA (NVDA) has become the HIP-3 market on Hyperliquid with the largest open interest, and also the platform’s fourth-largest market overall, trailing only BTC, ETH, and HYPE. Its open interest stands at $535 million, up 5.8 times over the past seven days, and 2.4 times the previous peak of $227 million set in June this year. Today, the NVDA market’s daily trading volume exceeded $1 billion for the first time. The largest single position is a short of 348,000 NVDA shares held by Jump, valued at roughly $56 million, a non-directional position. The largest directional position is a long of 191,000 NVDA shares, worth about $30.7 million, built gradually over the past 24 hours at an average entry price of $174.43, with an unrealized loss of around $2.6 million. The market has 9,517 trading wallets in total, of which 83% hold long positions; market makers account for 70% of the short open interest. The average entry price for longs is $169.55, while the mark price is $160.66, some 5.2% lower than the average entry price. The total unrealized loss across all NVDA long positions reaches $14.6 million.

A Hyperliquid trader holds a long position in Nvidia worth $30.71 million, currently facing an unrealized loss of $2.6 million.

According to OnchainLens monitoring, a trader holds a $30.71 million long position in NVIDIA (NVDA) with 5x leverage, currently facing an unrealized loss of $2.6 million. Just 11 hours ago, this same wallet had earned around $1.02 million from a long position in SNDK. Its cumulative historical profit and loss now totals $610,100.

A wallet on Hyperliquid earned nearly $5 million in referral rewards.

According to monitoring by Onchain Lens, this wallet has accumulated approximately $4.955 million in rewards via 81,741 referrals, including roughly $4.94 million in USDC and a combined $14,150 in USDe, USDT0, and USDH.

Hyperliquid’s stock contract trading volume once again outpaced Bitcoin’s.

Glassnode data shows that the trading volume of stock-based contracts on Hyperliquid has once again exceeded that of Bitcoin. Although both U.S. stock and Bitcoin prices have continued to decline over the past weeks, crypto-native traders appear more inclined to trade stocks on dips. Glassnode notes that the last time the ratio of stock contract trading volume to Bitcoin trading volume peaked was in August this year, when BTC was near a cyclical low, followed by a breakout rally.

“Maji” voluntarily closed its long ETH positions on Hyperliquid yesterday and withdrew the funds.

According to monitoring by crypto analytics platform Yu Jin, a trader named "Ma Ji" voluntarily closed all his ETH long positions yesterday afternoon, and transferred his entire account funds to the address he uses for trading mining on the papertrade project. Since May last year, he has been aggressively going long on ETH almost every day. After his positions were liquidated yesterday morning, he recharged his account and reopened ETH long positions, but voluntarily closed all positions and emptied his account yesterday afternoon. Over the past 18 months, he has incurred cumulative losses of approximately $37.46 million.

Elysium, the first Layer 2 (L2) network in the Hyperliquid ecosystem, has launched its mainnet.

According to official announcements, Elysium — the first Layer 2 (L2) network in the Hyperliquid ecosystem — announced on social media that it has officially launched its mainnet.

An address suspected to be linked to the UXLink hacker has opened a $45.3 million ETH long position on Hyperliquid.

According to PeckShield monitoring, an address suspected to be linked to the UXLink hacker holds approximately $45.3 million in ETH long positions on Hyperliquid, with 21,550 ETH in positions, an average entry price of $2,134.45, and uses 15x cross leverage. The address previously received 11 million USDC from an address starting with 0x35E, and had interacted with an address marked as the UXLink hacker on August 28.

UXLINK hacker begins liquidating $148 million in long positions on Hyperliquid, with an estimated loss of $3.3 million.

According to EmberCN’s monitoring, the UXLINK hacker opened long positions in ETH, SOL, and XRP on Hyperliquid in August this year, with a total position value of around $148 million, involving 30,282 ETH, 550,000 SOL, and 35.03 million XRP. Approximately two hours ago, this address initiated a batch liquidation plan via the TWAP tool, expected to complete full position liquidation within 16 hours, with execution scheduled for around 6 a.m. tomorrow under the current plan. After full liquidation, an estimated loss of roughly $3.3 million is projected.

Ansem: The key to Hyperliquid's long-term growth lies in expanding its user base.

Prominent crypto trader Ansem published a post noting he remains bullish on Hyperliquid’s long-term growth prospects, but stressed the next phase of growth is critical. Most of the platform’s current growth momentum stems from TradeXYZ, while crypto trading activity has slowed and its existing trader base has not expanded noticeably. He hopes Hyperliquid can reach a broader user base, mirroring how Robinhood attracted millions of new users during its retail trading surge. Partnering with regulated frontends like Kraken could aid in this effort. Ansem argues Hyperliquid’s bigger opportunity lies in serving as a base-layer liquidity infrastructure for various financial platforms. Rather than fixating on current revenue performance, he is more focused on how large its ecosystem can scale in the years ahead.

An address withdrew 100 ETH from Tornado Cash, swapped it for 60.46 ZEC via Hyperliquid, and transferred the ZEC out.

According to monitoring by Onchain Lens, a certain address withdrew 100 ETH from Tornado Cash, worth approximately $214,000. The funds were then converted to 60.46 ZEC (valued at around $74,900) via Unit Treasury and Hyperliquid, before being transferred to another address.

A crypto whale opened a 10x short position on 30,000 NVIDIA shares on Hyperliquid, valued at approximately $5.44 million.

According to Lookonchain’s monitoring, a crypto whale has opened a 10x short position for 30,000 NVDA shares on Hyperliquid, valued at approximately $5.44 million.

Two hedge addresses linked to Abraxas have accumulated a profit of approximately $429 million on Hyperliquid.

According to TradingBeats monitoring, London-based asset management firm Abraxas Capital holds two hedging addresses on Hyperliquid: 0xb83d…6e36 and 0xcbb6…4165. The two addresses have generated a combined cumulative profit of approximately $428.56 million, and currently hold around $1.05 billion in short positions. One address has a current total asset net value of roughly $203 million, with a historical cumulative profit of about $183.63 million and an unrealized profit of approximately $39.28 million. The other address has a current total asset net value of around $203 million, historical cumulative profit of roughly $183.63 million, and unrealized profit of about $38.33 million. Abraxas’ positions are dominated by short selling: ~2,090 BTC shorted, worth ~$157 million, with 5x leverage, generating an unrealized profit of $5.91 million to $6.18 million; ~28,000 ETH shorted, worth ~$59.9 million, 5x leverage, unrealized profit of $6.57 million to $6.71 million; ~1.03 million HYPE shorted, worth ~$76.7 million, 5x leverage, unrealized profit of $620,000 to $710,000; ~49,700 ZEC shorted, worth ~$61.35 million, 3x leverage, unrealized profit of $5.05 million to $5.3 million. Short positions in other assets including SOL, XRP, ENA, DOGE, WLD, and GOLD also post unrealized profits, while SILVER short positions currently carry an unrealized loss of approximately $1.26 million.

Abraxas Capital's 2 Hyperliquid accounts profit $428.56M, hold $1.05B in shorts

Abraxas Capital's 2 hedging accounts on Hyperliquid have made $428.56M in total profit! They still hold $1.05B in short positions.

Hyperliquid Whale Aggressively Shorts Bitcoin, Net Short Position Nears $1 Billion, Hitting a New Stage High

According to on-chain data, whale accounts on Hyperliquid are aggressively shorting Bitcoin, with their shorting activity hitting its highest level since October 2025. Currently, the BTC short positions held by these whale accounts range from $892 million to $924 million, while long positions stand at just $454 million to $483 million. The largest single short order is valued at around $178.5 million, with an average entry price of approximately $76,400, while Bitcoin’s current price hovers near $75,800. Data shows these whale accounts have been adding to their short positions continuously since turning net-short on October 27. However, market analysts note that the extremely crowded short positions are a double-edged sword. If prices fail to drop as expected and instead break upward, short sellers will face pressure to buy back and close their positions; this passive covering could very well trigger a sharp short squeeze, driving prices higher rapidly.

A crypto whale ranked fourth on Hyperliquid's 24-hour profit leaderboard via short selling, with cumulative historical profits of approximately $64.85 million.

According to TradingBeats' tracking, the address labeled "Altcoin Short Arbitrage Whale" (0x45d2…4029) ranks fourth on Hyperliquid's 24-hour profit leaderboard, posting a $2.14 million profit in the past day. The top three spots are all held by institutional players. The address's current total net assets stand at around $65.08 million, with cumulative historical profits of approximately $64.85 million. Its current positions are dominated by shorts: ~436 BTC short, valued at ~$33.09 million, with 20x leverage, generating a ~$479,000 profit; ~13,950 ETH short, ~$31.19 million, 20x leverage, profit of ~$2.9 million; ~4.3308 million HYPE short, ~$33.38 million, 10x leverage, with an unrealized loss of ~$20.91 million, but has collected ~$4.66 million in cumulative funding fees. For altcoins, short positions in PUMP, DOGE, XRP and others also show unrealized profits. Meanwhile, on-chain data tracking platform TradingBeats has launched a new version, reimagining the experience of accessing on-chain transaction information through an information feed. Users can continuously browse traders' actions including position opening, position adding, take-profit and liquidation along the feed, staying updated on their market moves, turning traders' real performance into a public track record.

Tornado Cash hacker sells 1,670 ETH for 2,959 ZEC on Hyperliquid

It appears the hacker is selling ETH to buy ZEC! Over the past 20 hours, 1,670 $ETH ($3.73M) from #TornadoCash was deposited into Hyperliquid and sold to buy 2,959 $ZEC ($3.73M).

Hacker Deposits 6.92M USDC to Hyperliquid, Opens 20x Long 169.47 BTC and 20x Short 5,740 ETH

A hacker is going long $BTC and short $ETH! A newly created wallet received 3,100 $ETH from #TornadoCash, sold it for 6.92M $USDC, and deposited the funds into Hyperliquid. Then opened a 20x long on 169.47 $BTC ($12.84M) and a 20x short on 5,740 $ETH ($12.83M).

Hyperliquid burned over 21,000 HYPE tokens in the past 24 hours, valued at approximately $1.66 million.

According to monitoring by Onchain Lens, Hyperliquid has repurchased and burned a total of 21,040 HYPE tokens over the past 24 hours. Calculated at an average price of $78.90, the total value is approximately $1.66 million.

SK Hynix contract trading volume on Hyperliquid has surged, with the long-short ratio hitting 3.84:1.

According to TradingBeats monitoring, trading volume of SK Hynix contracts on Hyperliquid has surged, climbing to third place on the platform’s trading volume leaderboard, second only to XYZ100 and S&P500. Over the past 24 hours, the trading volume reached $919 million, open interest (OI) stood at $366 million, 2,281 traders were active in the period, and the long-short ratio was 3.84:1.

Machi Liquidated Again: $223K From NFT Sales Wiped Out, Down $909K on Papertrade, $37.4M on Hyperliquid

Machi (@machibigbrother) got liquidated again! The $223K he raised by selling 15 NFTs, at a $505K loss over the past 4 days, was wiped out again quickly. He is now down $909K on @papertrade_xyz and $37.4M on Hyperliquid.

During yesterday's market crash, Hyperliquid's priority fee hit an all-time high.

Hyperliquid’s priority fees reached $521,000, hitting an all-time high, while this revenue stream also accounted for a record 12.7% of the platform’s daily total income. Priority fees refer to additional payments users make to validators or protocols to have their transactions processed first amid intense market competition or network congestion. Yesterday, coinciding with a historic plunge in US stocks, on-chain liquidation bots, arbitrageurs, and ordinary traders all scrambled for transaction processing priority to execute their intended operations faster amid the extreme market conditions.

A certain crypto address incurred a $5.82 million loss on its crude oil long position, bringing Hyperliquid's total cumulative loss to $13.79 million.

According to OnchainLens monitoring, a wallet address previously closed out long positions in CL crude oil worth $56.6 million, incurring a $5.82 million loss. It currently holds leveraged long positions in Brent crude oil valued at $95.7 million, with an unrealized loss of roughly $7.06 million. The address’s liquidation price stands at $82.33, around 14.3% away from the current market price. Its cumulative profit and loss on Hyperliquid has shifted from a prior profit of $18,400 to a loss of $13.79 million.

Despite falling oil prices, a Hyperliquid whale has persisted in adding to its crude oil long positions, with unrealized losses on the positions widening to $13 million.

Per TradingBeats' monitoring, a Hyperliquid trader today failed to close their positions amid falling oil prices, instead transferring remaining USDC in their wallet to the platform to add to their position. Currently, their crude oil long position’s unrealized loss has expanded to roughly $13 million. They hold 1 million BRENT contracts (valued at ~$95.9 million) and 581,000 CL contracts (valued at ~$52.2 million), with total exposure of ~$148.1 million and leverage of approximately 9x. On November 3, the same trader held 869,000 BRENTOIL contracts (valued at ~$91.1 million) and 581,000 CL contracts (valued at ~$56.2 million), for a total crude oil long exposure of ~$147.3 million and leverage of 7.8x. At that time, the combined unrealized loss of the two positions stood at around $1 million.

The BlueMove hacker has once again bridged 193,000 USDC to Hyperliquid and purchased 306.59 XMR.

According to monitoring by PeckShieldAlert, an address labeled as the BlueMove hacker has cross-chain transferred 193,000 USDC from Ethereum to Hyperliquid again, and purchased 306.59 XMR at a price of $630. The address also cross-chain transferred 200,000 USDC from Ethereum to Solana via Wormhole, then transferred back to Ethereum via deBridge, and deposited the funds into Railgun.

Trader VBVIT holds the largest BTC short position on Hyperliquid, with an unrealized profit of $4.89 million.

According to monitoring by ai_9684xtpa, anonymous trader VBVIT currently holds a 25x leveraged short position of 1,376.07 BTC, with the position valued at roughly $104 million, an average entry price of $79,860.8, and current unrealized profit of approximately $4.89 million, plus an additional $426,000 in funding fee income. The account’s total position value stands at around $163 million, with 95% allocated to short positions and BTC positions making up 63.8%. Per monitoring data, this position is currently the BTC short position with the highest unrealized profit on Hyperliquid.

A trader went long crude oil with 10x leverage on Hyperliquid, holding a position worth $148 million.

According to monitoring by Onchain Lens, a Hyperliquid trader holds two 10x leveraged long positions in crude oil: Brent crude oil worth approximately $91.77 million, and WTI crude oil worth approximately $56.62 million, with a total position size of around $148 million.

11 large accounts on Hyperliquid were liquidated overnight, totaling approximately $30.4 million.

According to TradingBeats monitoring, over the past 24 hours, at least 11 accounts across the global market have cumulatively recorded liquidation trades exceeding $1 million, totaling approximately $30.4593 million. These liquidations resulted in total losses of around $2.1356 million. Of the accounts, long position liquidations reached $25.8186 million, accounting for 84.76% of the total, while short position liquidations stood at $4.6407 million, involving contracts for cryptocurrencies, U.S. stocks, and crude oil. The largest single account is 0x4b62, whose BTC and ETH positions were cumulatively liquidated for roughly $11.493 million. The account first saw partial short position liquidations yesterday, then flipped to long BTC, only to face two additional long position liquidations in the early hours of today; it has now flipped back to short, holding approximately $10.01 million in BTC short positions. NEAR long account 0x2814 had its entire $3.0959 million position liquidated, repurchased, and then fully liquidated again. The two rounds of liquidation trades totaled $3.773 million, with losses of about $220,300. XPL long account 0x4692 was fully liquidated in the past half hour, with a position of around $2.7702 million and losses of roughly $768,700. This position was opened on October 16, held for approximately 18 days, at an average entry price of $0.0801. Among the remaining accounts, three HYPE long positions had cumulative liquidations of about $6.1158 million, two SOL long positions totaled $2.4734 million, and one additional BTC long position was around $1.0668 million. For HIP-3, the WTI crude oil long position of 0x40f2 underwent three consecutive partial liquidations, totaling $1.4944 million; the LITE and SOXL long positions of 0xbd69 were liquidated for $566,000 and $706,800 respectively, combining to $1.2727 million.

Hyperliquid's second AQAv2 reserve revenue distribution is scheduled to take place on November 3rd.

Hyperliquid’s second AQAv2 reserve revenue distribution is scheduled for November 3, totaling approximately 15.3 million USDC, which may provide the Assistance Fund with new "ammunition" for HYPE repurchases.

Hyperliquid platform surpasses 3 million trading addresses

According to statistics from Hyperliquid News, the number of trading addresses on the Hyperliquid platform has exceeded 3 million, reaching 3,001,003 currently.

CEO of Hyperliquid’s lobbying group speaks on the Binance hack: Crypto exchanges operate most safely under CFTC regulation

Jake Chervinsky, CEO of Hyperliquid Policy Center, Hyperliquid’s lobbying group, wrote that the Binance hack incident once again demonstrates that crypto exchanges perform best and are most secure when operating under CFTC regulation. Citing remarks from CFTC Chairman Michael Selig during the announcement of the Advance Notice of Proposed Rulemaking (ANPRM) for Reg CTX/CAM, Chervinsky noted that when FTX’s offshore exchange went bankrupt, its CFTC-registered subsidiary’s customer assets remained segregated and secure.

On Hyperliquid, the 24-hour trading volume of Intel stock contracts has surged to second place in the sector, second only to the S&P 500.

According to data from the Hyperliquid platform, Intel stock contract trading volume surged to $308 million over the past 24 hours, temporarily ranking second in the sector's trading volume leaderboard, only behind S&P 500 stock contracts (which recorded a 24-hour trading volume of $374 million). Currently, the open interest of Intel stock contracts stands at $119 million. In the past 24 hours, total liquidation volume across the network reached $7.2689 million, including $7.2297 million in long position liquidations and $39,200 in short position liquidations. Intel's share price plummeted nearly 29% in Friday's close, marking its worst single-day performance in at least four decades.

A Hyperliquid whale has placed an approximately $20 million ETH long order.

According to OnchainLens monitoring, trader Long Loyalist deposited 4.9 million USDC into Hyperliquid approximately one hour ago, and placed a buy order for around 9,630 ETH (valued at roughly $20 million). The trader currently holds about 4,860 ETH in long positions (worth ~$10.94 million), with unrealized profit and loss of approximately -$4.63 million across 39 open positions, and historical profit and loss of roughly -$4.29 million.

Buy orders for HYPE on Hyperliquid are overwhelmingly dominant, with net buys totaling approximately $3.73 million across both futures and spot TWAPs.

According to TradingBeats’ monitoring, calculations based on current market Time-Weighted Average Price (TWAP) orders show that over the next 24 hours, Hyperliquid’s HYPE token is projected to have roughly $5.33 million in buy orders and $1.6 million in sell orders, resulting in a net planned purchase of approximately $3.73 million. Breakdown: Spot HYPE is expected to see about $2.37 million in buys and $143,200 in sells, for a net planned purchase of ~$2.23 million—nearly 60% of the total net buy volume. The contract segment is projected to have a net planned purchase of $1.5 million, with buy orders dominating both segments. Over the next hour, HYPE’s combined spot and contract net planned purchase stands at roughly $901,100, including $767,500 in spot and $133,600 in contracts.

Trader 'Maji' suffered 8 consecutive liquidations amid the price decline, with their Hyperliquid account balance now standing at just $1.5.

According to Lookonchain monitoring, crypto personality "Big Brother Ma Ji" Huang Lichang has been liquidated 8 times consecutively over the past six hours, with all his positions cleared, leaving his Hyperliquid account with a balance of just $1.50.

Machi Liquidated 8 Times in 6 Hours, Left With $1.50 on Hyperliquid

Machi(@machibigbrother) was liquidated 8 times over the past 6 hours, wiping out all his positions. Machi woke up to find just $1.50 left in his Hyperliquid account.

Trader 'Maji' suffered 8 consecutive liquidations amid the price slump, leaving his Hyperliquid account balance at just $1.5.

Per Lookonchain monitoring, crypto figure "Big Brother Ma Ji" (Huang Licheng) has suffered 8 consecutive liquidations in the past six hours, wiping out all his positions and leaving his Hyperliquid account balance at just $1.50.

Hyperliquid ecosystem token KNTQ surges to a new high above $0.5, gaining over 15% in the past 6 hours.

According to HTX market data, alongside HYPE’s rally, Kinetiq, a liquid staking protocol in the Hyperliquid ecosystem, its token KNTQ has broken above $0.5, rising over 15% in the past six hours, with its market cap hitting a new high of over $156 million.

Stan Druckenmiller: Invested in Trade.xyz, expects to bring Hyperliquid perpetual contracts to the United States.

Legendary investor Stan Druckenmiller published a statement announcing he is pleased to join Trade.xyz as an investor, expressing anticipation for the firm’s collaboration with Intercontinental Exchange (ICE) to bring Hyperliquid-based 24/7 perpetual contracts to the U.S. As a market participant, he also looks forward to leveraging Trade.xyz’s innovative products to enhance his investment workflows. Druckenmiller, a legendary macro hedge fund manager and former chief trader of Soros Quantum Fund, led iconic trades including the 1992 British pound "Black Wednesday" bet, later founded Duquesne Capital, and is long famed for precise macro trend positioning and rare, sustained excess returns, recognized as one of the most influential macro investors of the modern era.

Hyperliquid has permanently burned 49.87 million HYPE tokens, accounting for 4.99% of its maximum supply.

According to Onchain Lens monitoring, Hyperliquid has permanently burned 49.87 million HYPE tokens, valued at approximately $3.89 billion based on current metrics, accounting for 4.99% of HYPE’s maximum total supply of 1 billion tokens. Over the past 24 hours, Hyperliquid burned 19,700 HYPE tokens worth around $1.59 million; in the same period, its estimated fee revenue reached about $1.69 million, with cumulative revenue totaling roughly $1.38 billion.