Hyperliquid (HYPE) — Onchain News & Whale Tracking

Viewpoint: Hyperliquid Revenue Misaligned with HYPE Market Cap, HYPE Price Undervalued

On August 27th, based on the analysis of @infinitybanyan, Hyperliquid accounts for 36% of the total revenue of all cryptocurrencies. Meanwhile, the market capitalization of the HYPE only makes up 1.2% of the total cryptocurrency market capitalization ($3.76 trillion).

A whale deposited 10 million USDC into Hyperliquid to buy HYPE.

August 27th. Based on on-chain analyst Ai Auntie (@ai_9684xtpa), the address 0xFF0...24FbF withdrew 10 million USDC from Coinbase within the past hour. Subsequently, it was deposited into Hyperliquid to purchase $9 million worth of HYPE. Currently, there remains $1 million with a limit buy order at $49.306.

WLFI surged pre-market on Hyperliquid to "wickedly" spike at $0.42, then quickly retraced.

On August 27th, based on on-chain data, WLFI on the Hyperliquid pre-market contract platform reached as high as $0.42 at 6:27 this morning. It then quickly dropped back and is now trading at $0.28359, with a 24-hour increase of 18.85%. According to Coinglass data, in the past 4 hours, a total of $370,900 worth of WLFI was liquidated across the entire network, including $73,800 in long liquidations and $297,100 in short liquidations.

XPL Soars 200% on Hyperliquid, Whale Liquidates Order Book with Long Position in Just 1 Minute to Pocket $16 Million

August 27th. According to the monitoring of @mlmabc, a specific wallet address initiated a long position on Hyperliquid at 5:35 this morning. During this process, it purchased millions of XPL and directly cleared the entire order book, squeezing out all short positions. Subsequently, the trader began to close some of the long positions, achieving a profit of $16 million within just one minute. XPL soared to $1.80 within 2 minutes, indicating a more than 200% increase. He currently still holds 15.2 million XPL (with a value of approximately $10.2 million). Mlm described it as "one of the most insane liquidation events I have ever witnessed on Hyperliquid."

A certain Bitcoin ancient whale has deposited 968 BTC into Hyperliquid, and is currently selling and exchanging it for ETH.

On August 26th, as monitored by LookOnChain, 30 minutes ago, a particular Bitcoin ancient whale deposited 968 BTC into Hyperliquid (approximately $106.44 million), and is currently in the process of selling BTC to purchase ETH spot.

High-profile ETH Whale Swaps 1000 BTC to Bitcoin Ancient Whale deposits into Hyperliquid or to increase ETH holdings

On August 26th, as per on-chain data, the previously highly visible Bitcoin ancient whale that had been rebalancing into ETH is currently in the process of transferring the remaining 1,968 BTC (approximately $220 million). It was just that they had deposited 1,000 BTC (approximately $110 million) into Hyperliquid, and the deposit is still ongoing. This part of the funds may be used to further enhance their ETH holdings. Previously, the whale had sold a total of 22,142 BTC on Hyperliquid, amounting to $2.48 billion. In addition, four days before starting to shift into ETH, they also sold 3,000 BTC (approximately $336 million) through an over-the-counter (OTC) trading platform. The whale has accumulated a total of 544,977.69 ETH, valued at $2.45 billion (calculated with BTC at $112,000 and ETH at $4,500). As of the time of this writing, the whale has staked the 544,981 ETH they hold.

A whale has deposited $7.49 million into HyperLiquid, shorted ETH and HYPE, and simultaneously bought ETH and HYPE spot.

On August 26th, as monitored by Onchain Lens, within the past 40 minutes, a whale transferred 7.49 million USDC into HyperLiquid. Subsequently, it opened short positions for ETH (with a leverage of 20x) and HYPE (with a leverage of 10x). Additionally, it purchased ETH and HYPE on the spot market.

A Whale Has Deposited $6.69M into Hyperliquid, Shorted ETH 3x, and Bought $3.9M of Spot ETH

On August 26th, as monitored by Onchain Lens, a whale transferred $6.69 million into Hyperliquid and opened a 3x leveraged short position on ETH. It purchased 889.3 ETH at a spot price of $4,385, with a total amount of $3.9 million.

Hyperliquid platform's trading volume in May and June has both surpassed Robinhood.

On August 25th, based on the disclosed data, the total monthly trading volume of spot and perpetual contracts on the Hyperliquid platform in May and June has exceeded that of Robinhood during the same period.

Hyperliquid Achieves All-Time High with $3.4 Billion in 24-hour Trading Volume, Becoming the Second-Largest Bitcoin Spot Trading Platform on the Market

On August 25th, according to official information, the Hyperliquid platform achieved a new record high with a 24-hour spot trading volume of $3.4 billion. This growth was primarily led by the Unit's active effort to substantially increase BTC and ETH deposits and spot trading volume. Having a single-day $1.5 billion BTC trading volume, Hyperliquid has now become the second-largest spot Bitcoin trading platform among centralized and decentralized exchanges.

A whale has deposited 10.98 million USDC into Hyperliquid to leverage 3x and go long on XPL.

A whale has deposited 1.95 million USDC into HyperLiquid to open a 25x leveraged ETH short position.

On August 25th, as per the monitoring of Onchain Lens, a whale transferred 1.95 million USDC into HyperLiquid in order to increase an ETH short position with a leverage of 25x. Currently, the unrealized profit is $800,000, and the value of the ETH position is $76 million.

A whale deposited 5.45 million USDC into HyperLiquid and went long on BTC, ETH, and other tokens.

On August 24th, as monitored by Onchain Lens, a whale transferred 5.45 million USDC into HyperLiquid and took long positions on ETH (with a leverage of 20x), BTC (with a leverage of 40x), and also had leveraged long positions (with a leverage of 10x) on HYPE, LINK, AAVE, and MKR.

A whale deposited 15.47 million USDC into Hyperliquid and went long on BTC and BNB

On August 24th, as per the monitoring of LookOnChain, a whale with the address 0x31F9 deposited 15.47 million USDC into Hyperliquid to take a long position on BTC and BNB. Additionally, it bought SOL, ETH, LINK, and FARTCOIN. As of now, the whale has established a long position of 130.5 BTC (approximately $15 million), 1,714 BNB (approximately $1.47 million), purchased 18,044 SOL spot (approximately $3.7 million), placed buy orders for 1,073 ETH (approximately $5 million), 59,880 LINK (approximately $1.5 million), and 842,696 FARTCOIN (approximately $750,000).

A certain whale has deposited 15.47 million USDC into HyperLiquid in the past 48 hours, and has gone long on BTC and BNB.

On August 24th, as monitored by Onchain Lens, during the past 48 hours, a particular whale deposited 15.47 million USDC into #HyperLiquid and initiated a long position: · For BTC with 20x leverage. · For BNB with 10x leverage. Furthermore, the whale also placed buy orders for ETH, SOL, LINK, and FARTCOIN.

A whale deposited 1.56 million USDC into HyperLiquid to leverage 1x long WLFI.

On August 24th, as monitored by Onchain Lens, a whale deposited 1.56 million USDC into HyperLiquid after being dormant for 8 months. Subsequently, it opened a WLFI long position with a leverage of 1x.

A certain Bitcoin ancient whale has once again deposited 5,000 BTC into Hyperliquid to fund ETH accumulation

On August 24th, a certain Bitcoin "ancient whale" further deposited 5,000 BTC into Hyperliquid. The value of this deposit is approximately $5.7467 billion, and the purpose is to exchange it for ETH. Currently, this "ancient whale" holds 179,498 ETH, with a value of approximately $8.505 billion. It also maintains a long position of 135,265 ETH, which is worth approximately $6.4092 billion.

A certain Bitcoin ancient whale withdrew 26,200 ETH from Hyperliquid, setting the platform's record for the largest single ETH withdrawal.

On August 23rd, according to Mlm Monitor, a Bitcoin ancient whale has just transferred 4,000 BTC (amounting to 460 million US dollars) to a new wallet. Subsequently, it is likely that he will swap it for ETH on Hyperliquid or sell it to over-the-counter (OTC) institutions. In addition, he also withdrew 26,200 ETH (with a value of 125 million US dollars) from Hyperliquid, setting a new record for the largest single ETH withdrawal on the exchange platform up to now. Today, the whale has deposited 2,520 BTC into HyperLiquid, which is worth 291.75 million US dollars, and is ready to sell it in exchange for ETH.

WLFI has been listed on the Hyperliquid pre-sale contract.

On August 23rd, WLFI is now featured on the Hyperliquid pre-trading contract panel, and it has a placeholder price of $0.370.

Hyperliquid has launched XPL Perpetual Swap Contract Trading.

A certain Bitcoin whale deposited 20 million USDC into HyperLiquid and went long on ETH with 6x leverage

On August 21st, as monitored by Onchain Lens, a particular Bitcoin OG whale deposited 20 million USDC into HyperLiquid. Subsequently, it opened a 6x leveraged long position in ETH within a new wallet.

Hyperliquid has launched the YZY perpetual contract trading pair, with current trading volume exceeding 12 million USD.

August 21st, Hyperliquid launched the YZY perpetual contract trading pair, providing up to 3 times leverage. The token was announced by the renowned American musician and designer Kanye West through his personal social media platform. Currently, on Hyperliquid, YZY has a trading volume of more than $12.6 million and an open interest of $6,565,487.39.

Hyperliquid launches YZY/USDC perpetual contract, supporting up to 3x leverage.

On August 21st, according to official channels, Hyperliquid has initiated the YZY/USDC perpetual contract, which is capable of supporting a leverage of up to 3 times.

A certain ancient whale dumped Bitcoin on Hyperliquid and opened a 23,000 ETH long position.

August 21st. Based on the monitoring of @mlmabc, a wallet that withdrew 15,000 BTC from HTX and Binance seven years ago (which was valued at $95 million at that time) is now beginning to sell these BTC on Hyperliquid. In the past 8 hours, it has deposited approximately 550 BTC into Hyperliquid (worth $62 million) and is currently in the process of selling. This has led to a sudden 200-basis-point drop in BTC on Hyperliquid. Currently, it is trading at a 30-basis-point discount compared to other exchanges. Subsequently, the seller opened a long position of 23,000 ETH (approximately $99 million) by using the proceeds from selling BTC.

The Hyperliquid team expects a per capita annual revenue of $1.043 billion, making it the company with the highest per capita revenue worldwide.

On August 20th, according to data from DeFiLlama, the Hyperliquid protocol has generated a revenue of $95.63 million in the past 30 days, with an estimated annual revenue of $1.147 billion. In a recent interview, the founder of the company, Jeff, stated that the company's team consists of only 11 people. With an expected annual revenue of $1.147 billion, the per capita annual revenue is calculated to be $104.3 million, making it the company with the highest per capita revenue in the world.

A whale deposited 2.34 million USDC into Hyperliquid for leveraged longing on BTC, ETH, and PUMP.

A trader deposited $1,000,000 into Hyperliquid and went long on ETH, BTC, and PUMP with maximum leverage.

On August 19th, as monitored by LookOnChain, the cryptocurrency trader 0x0a07 from the prediction platform Shuffle deposited 1 million USDC into Hyperliquid today and initiated maximum leverage long positions on ETH, BTC, and PUMP.

With the market depth adjustment, a Whale on Hyperliquid intensifies market divergence

On August 19th, according to the monitoring of Spot On Chain, a whale on Hyperliquid has recently shown a significant increase in market divergence. 1. Whale "0x0a0" took a long position with 1.35 million USDC on ETH (25 times), BTC (40 times), and PUMP (5 times), and is currently at a loss of $423,000. 2. Whale "0x3D4" took a short position with 2 million USDC on ETH (7 times) and BTC (10 times), and is currently holding an unrealized gain of $196,700.

Statistics: Among the Hyperliquid TOP20 positions, only 3 are in a floating profit state, while the remaining 85% are in a floating loss state

August 19th. According to on-chain analyst Ai Yi (@ai_9684xtpa), currently, only 3 out of the Hyperliquid TOP20 positions are in unrealized profit, while the remaining 85% are in unrealized loss. It is crucial to bear in mind that this includes some hedge fund addresses. Even if the scope is expanded to the TOP100 positions, only 34 addresses are in unrealized profit.

A whale deposited 1 million USDC into Hyperliquid and went long on ETH, BTC, and PUMP.

On August 19th, as monitored by Onchain Lens, a whale deposited 1 million USDC into Hyperliquid (with a total of $1.35 million). Subsequently, it opened long positions: ETH with a 25x leverage, BTC with a 40x leverage, and PUMP with a 5x leverage.

A new wallet has deposited 1,997,000 USDC into HyperLiquid and taken a 10x leveraged short position on BTC.

On August 19th, as monitored by Onchain Lens, a new wallet deposited 1.997 million USDC into HyperLiquid and initiated a 10x leveraged short position on BTC. The position value reached $19.95 million.

A whale deposited 19.38 million USDC into Hyperliquid and kept adding to their HYPE position.

A whale address has deposited 1.59 million U into HyperLiquid to open a high leverage short position for ETH, BTC, and SOL.

On August 16th, as per the monitoring of Onchain lens, a whale address deposited 1.59 million USDC into HyperLiquid and initiated short positions for ETH (25 times), BTC (40 times), and SOL (20 times).

Hyperliquid Whale Update: Continuously reducing ETH holdings, BTC short position floating loss of 9 million yet doubling down against the trend

On August 15th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight), during the current market correction, some whales took the opportunity to adjust their positions. The whale whose address starts with 0x7fdaf continuously reduced its short position in ETH, reducing by $1.66 million and $7.79 million in the past 6 hours. It currently has a floating loss of approximately $5.27 million and a liquidation price of $7,304. The whale with an address beginning with 0x5d2f4, on the contrary, increased its short position in BTC, adding $853,000 to its position. It currently has a floating loss of $9.02 million and a liquidation price of $127,873. The whale with an address starting with 0x5648A reduced its long position in ETH, selling 830 ETH (approximately $3.95 million). It is currently experiencing a minor floating loss of $44,600 and a liquidation price of $4,091.

Zhu Su: Curious about SBF's view on Hyperliquid and the current Solana ecosystem, hoping to engage in a discussion

On August 15th, Zhu Su, the founder of Three Arrows Capital, stated in a post that 3AC has emerged victorious in the lawsuit against FTX and has been awarded a compensation of $15.3 billion. He indicated that if SBF has any new project concepts, he would be inclined to listen, and he is also intrigued by SBF's perspectives on Hyperliquid and the present Solana ecosystem. Is there a means to get in touch with him via email? On March 14th, 2025, the Delaware Bankruptcy Court gave its approval to Three Arrows Capital (3AC)'s application, raising its claim against FTX from $120 million to $15.3 billion.

Hyperliquid Bridge Surpasses $5.2 Billion in Total Value Locked, Sets New All-Time High

On August 15th, according to the data from @sealaunch Dune Dashboard, as of August 14th, the bridged funds of Hyperliquid exceeded $5.2 billion, reaching a new historical high. Yesterday, Hyperliquid's fees and revenues were $7.48 million and $6.96 million respectively, both hitting new record highs.

Hyperliquid's yesterday fee and revenue both hit an all-time high.

On August 15th, based on DefiLlama data, the fees and revenue of Hyperliquid reached $7.48 million and $6.96 million respectively yesterday, both reaching new all-time highs. Furthermore, according to Hyperliquid News data, the Hyperliquid Rescue Fund repurchased more than $8 million worth of HYPE within the past 24 hours, also setting a new record high.

During the market pullback, the Hyperliquid whale continued to accumulate, with over $25 million in unrealized losses on their ETH short position.

GalaxyDigital's affiliated address has deposited 125 million U into Hyperliquid over the past 2 days, purchased spot assets, and engaged in a short position hedge.

On August 14th, based on LookOnChain's monitoring, a certain wallet address affiliated with GalaxyDigital (0xcaC1) deposited 125 million USDC into Hyperliquid in the past two days. Subsequently, it purchased ETH, HYPE, BTC, PUMP, and FARTCOIN spot. At the same time, it shorted BTC, ETH, DOGE, PUMP, FARTCOIN, and S for hedging purposes.

A Whale Deposits $3.36 Million into HyperLiquid to Short BTC, ETH, and SOL

On August 13th, as monitored by OnchainLens, a whale address deposited $3.36 million USDC into HyperLiquid and initiated short positions: BTC (with 40x leverage), ETH (with 10x leverage), and SOL (with 20x leverage).

Hyperliquid Whale Cuts ETH Short Position After $25.4M Loss, BTC Bear Adds to Position Against the Trend with $12.6M Paper Loss

Hyperliquid Whale Significantly Reduces Short Position, While Another Whale Suffers Major Losses of Over $10 Million from Shorting XRP and SUI

Trader TheWhiteWhaleHL ranks first on the Hyperliquid 30-day Leaderboard, with a profit of $45.8 million

Top trader @TheWhiteWhaleHL has claimed the #1 spot on Hyperliquid's 30-day leaderboard with $45.8M in profits.

Top trader @TheWhiteWhaleHL has claimed the #1 spot on Hyperliquid's 30-day leaderboard with $45.8M in profits. A true bull, he held his positions strong through the market crash a couple of weeks ago. He's still long on $ETH, $SOL, and $HYPE.

The three major Hyperliquid whales have once again increased their short positions, with a total unrealized loss of over $12 million, exacerbating the liquidation risk.

Hyperliquid Whale Address Deposited 35 Million USDC Within 24 Hours

On August 12th, according to the monitoring of HyperInsight at https://app.hyperliquid.xyz/join/NTOD, significant whale fund movements were observed in the past 24 hours: Large Deposits: The whale at address 0xECB63 deposited a total of 35.43 million USDC in the past 24 hours; The whale at address 0xa86136 deposited a total of 5.19 million USDC in the past 24 hours; Whale Withdrawals: The whale at address 0x9aB1c withdrew 10 million in the past 6 hours; The whale at address 0x960b6C withdrew 3.02 million in the past 6 hours.

A whale has deposited 6 million USDC into Hyperliquid to avoid BTC short liquidation.

Hyperliquid: Multiple Whales Increase Their Positions in Meme Contracts, One Whale's BTC Short Position Faces a Unrealized Loss of Over $9.6 Million

August 11th. Based on HyperInsight monitoring, with the market heating up, in the past 8 hours, contract whales have frequently opened positions. They mainly increased their holdings of altcoin shorts. These include: The whale at address 0x123dbca added a short position of 85,383 ENA. Currently, it is at a floating loss of $3.55 million, and the liquidation price is $1.183. The whale at address 0x5d2f44 increased its BTC short position by $965,000. Currently, it is at a floating loss of $9.64 million, and the liquidation price is $125,461. The whale at address 0x8af700 increased its HYPE short position by 11,000 tokens. Currently, it is at a floating loss of $1.03 million, and the liquidation price is $160.8. The whale at address 0x4a207d opened a new BTC long position of 115.73 coins. Currently, it is at a floating loss of $22,000, and the liquidation price is $56,694. At the same address, it increased its XRP short position by 4.31 million coins. Currently, it is at a floating profit

Hyperliquid Whale Makes a Big Splash Again: Withdraws Over $12 Million, Deposits Over $3.5 Million

Whale @ParallelAiRev Tops Hyperliquid Weekly $PUMP Profits With $1.26M Gain

Whale investor @ParallelAiRev is holding a 2.3B $PUMP($7.85M) long position with over $1.26M in unrealized profit — making him the top $PUMP earner on Hyperliquid's leaderboard over the past week.