Hyperliquid (HYPE) — Onchain News & Whale Tracking

High-profile BTC Whale Rebalances into ETH Again 30 minutes ago, a ancient BTC whale once again transferred 1000 BTC to Hyperliquid to rebalance into ETH.

On August 31st, according to Arkham's monitoring, a high-profile BTC ancient whale that recently shifted from ETH has once again transferred 1000 BTC (with a value of $1.0844 billion) to Hyperliquid for another round of ETH swapping.
In the past 10 hours, this whale has already deposited a total of 4000 BTC, which is worth $4.3376 billion, and has converted it into ETH.

The high-profile BTC ancient whale has once again transferred 1000 BTC to Hyperliquid 20 minutes ago to reallocate into ETH.

On August 31st, as per the monitoring of Onchain Lens, a highly prominent BTC ancient whale that has been actively swapping ETH recently transferred another 1000 BTC (valued at $108.54 million) to Hyperliquid for another round of ETH swapping, which occurred 20 minutes ago. During the past 8 hours, this whale has deposited a total of 3000 BTC, with a value of $326.78 million, and converted it into ETH.

A whale deposited $5.96 million into HyperLiquid and went long on SOL and HYPE.

On August 31, as monitored by Onchain Lens, a whale deposited 5.96 million USDC into HyperLiquid and established a 20x leveraged long position on SOL and a 10x leveraged long position on HYPE.

The high-profile ETH-to-BTC Whale has once again moved 2000 BTC to Hyperliquid in the last 6 hours for an ETH swap.

On August 31st, as monitored by Onchain Lens, a highly prominent BTC whale that has been actively swapping ETH has once again transferred 2000 BTC (valued at $218.24 million) to Hyperliquid within the past 6 hours in order to swap it for ETH.

The high-profile Ethereum-to-BTC whale has once again moved 1000 BTC into Hyperliquid, worth $109 million.

A whale address has deposited 11.68 million U into HyperLiquid to place a continuous buy order for SOL.

August 30th: As per the monitoring of Onchain Lens, within the past 8 hours, a whale address has deposited 11.68 million USDC into HyperLiquid for the purpose of purchasing SOL. Up to now, the address has acquired 28,390 SOL and still has a TWAP order outstanding. In addition, the address also holds 346,598 HYPE tokens, which are worth $15.28 million.

High-profile ETH to BTC Whale Reaccumulation Buyback, has deposited 1,000 BTC to Hyperliquid

On August 29th, as monitored by lookonchain, a high-profile BTC whale that had previously engaged in a high-profile ETH exchange recently saw its ETH holdings reach a peak of 641,508 ETH (valued at $29.4 billion). After refraining from purchasing ETH for two days, the whale has just deposited 1,000 BTC (worth $1.0827 billion) into Hyperliquid, sold them, and then purchased ETH spot.

Renowned trader TechnoRevenant holds a long position in XPL worth approximately $31.1 million, representing 35.5% of Hyperliquid's total position.

On August 29th, as per on-chain analyst @mlmabc, the renowned trader TechnoRevenant is maintaining a significant long position in XPL with low leverage on Hyperliquid. Currently, he holds 28,295,963 long contracts of XPL (approximately $31.1 million), which accounts for 35.5% of Hyperliquid's total open interest ($87.5 million). In addition, he also has $26.534 million of idle funds in USDC on Hyperliquid. It is worth noting that all these positions are leveraged at less than 1x, and he is gradually conducting a TWAP operation instead of making purchases in the market, thereby minimizing the impact on the short-term market.

A whale deposited 3 million USDC into HyperLiquid, shorted XPL with 1x leverage.

XPL on Hyperliquid Continues to Surge, Breaking $1.1 Mark with a 36% Premium Over Binance

On August 29th, on Hyperliquid (accessible via https://app.hyperliquid.xyz/join/NTOD), XPL continued to experience a surge and broke through $1.1. The current annualized funding rate stands at an extremely high 254%, with a 36% positive premium compared to $0.808 on Binance. Early yesterday morning, Hyperliquid implemented a new mark price calculation method for pre-market perpetual contracts. The mark price of the contract will utilize the standard mark price formula and be combined with the price of external pre-market perpetual contracts (if available).

A whale is attempting to manipulate the XPL price on Hyperliquid to liquidate short positions

On August 29th, based on the monitoring of LookOnChain, a whale is making an attempt to manipulate XPL in order to liquidate a short position. During the past three hours, the whale (possibly the same as the previous one) has created 4 wallets and deposited 10 million USDC into Hyperliquid to take a long position in XPL. Earlier reports showed that on August 27th, XPL witnessed a short-term 200% surge on Hyperliquid. At that time, a whale went long and swept the order book within just 1 minute, earning $16 million.

Three wallet addresses deposited a total of 7.49 million USDC to Hyperliquid and went long on XPL with 2x leverage.

On August 29th, as per the monitoring of Onchain Lens, three wallets that are likely to be owned by the same entity deposited 7.49 million USDC into Hyperliquid. These wallets took a long position on XPL with 1x leverage and have an outstanding order to increase their XPL position within the next 21 to 23 hours.

XPL briefly touched $0.8119 on Hyperliquid, and the accumulated unrealized gains of the main address involved in the flash loan attack have now expanded to $2.553 million.

On August 28th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the price of XPL on Hyperliquid briefly reached $0.8119. Currently, it is trading at $0.7745 (with the Binance futures price being $0.6354). Meanwhile, the cumulative profit of 11 small positions of the main address involved in the hedge-sniping event has now increased to $2.553 million.

The funding rates for WLFI and XPL on Hyperliquid have remained persistently high, leading to a significant premium compared to Binance.

On August 28th, on Hyperliquid (accessible via https://app.hyperliquid.xyz/join/NTOD), the WLFI and XPL funding rates remain at a high level. Currently, the WLFI annualized funding rate is 105% and the XPL annualized funding rate is 242%. Meanwhile, on Hyperliquid, XPL is priced at $0.74, with a 33% premium compared to its price of $0.555 on Binance. WLFI on Hyperliquid is priced at $0.3, with a 14.9% premium compared to its price of $0.261 on Binance. Earlier today, Hyperliquid implemented a new mark price calculation method for pre-market perpetual contracts. The contract's mark price will utilize the standard mark price formula and be combined with the price of external pre-market perpetual contracts (if available).

Whale qianbaidu.eth has deposited $5.72 million into Hyperliquid and has purchased $3.94 million worth of HYPE.

On August 28th, as per the monitoring of Onchain Lens, the whale "qianbaidu.eth" transferred $5.72 million into Hyperliquid and purchased 81,572.11 HYPE with $3.94 million. It still holds $1.787 million USDC and has placed a limit price buy order for HYPE at $48.2.

SOON Foundation Announces First Airdrop Guidelines for the simpfor.fun Mirror Trading Platform on Hyperliquid

August 28th: The SOON Foundation declared the initial batch of airdrop regulations for the Hyperliquid mirror trading platform simpfor.fun, anticipating the distribution of 1,500,000 SOON tokens.
The airdrop will be centered around users' mirror trading volume on simpfor.fun. There is a base pool of 1,000,000 SOON and an additional pool of 500,000 SOON. The additional pool will offer a 30% to 70% bonus depending on the quantity of Coming SOON NFTs held. Currently, Simpfor.fun has a user base exceeding 250 million.

Hyperliquid has enabled a new mark price calculation method for the pre-market, causing a sharp increase in XPL and WLFI funding rates.

August 28th. This morning, Hyperliquid carried out a new marking price calculation method for its pre-market perpetual contracts. As a result of this change, the WLFI and XPL funding rates increased significantly. The annualized funding rate of WLFI rose from 11% to 100%, and that of XPL once rose from 11% to 800%. As of now, XPL is currently trading at $0.66 on Hyperliquid, which represents a 22.6% premium compared to the $0.538 price on Binance. WLFI on Hyperliquid is priced at $0.292, showing a 13.6% premium over the $0.257 price on Binance.

Pre-market prices for XPL and WLFI on Hyperliquid have dropped, with the premium over other major platforms narrowing.

On August 27th at 8:00 PM this evening, Hyperliquid officially announced that the marked price of the contract would adopt the regular marked price formula. After integrating with the price of perpetual contracts from external listings (if available), both the prices of XPL and WLFI in the pre-market contract market showed a decline. XPL is currently trading at $0.63 on Hyperliquid, and WLFI is trading at $0.28. The premium compared to other mainstream trading platforms has become narrower.

Hyperliquid Responds to XPL Surge: Contract Mark Price to Follow Standard Mark Price Formula

On August 27th, officials from Hyperliquid once more responded to the surge in the XPL price. They stated that, based on user feedback, the mark price of the Hyperliquid contract will use the regular mark price formula and be combined with the price of perpetual contracts traded externally before listing (if any). This has no substantial impact on the vast majority of users and situations but can enhance the robustness of the system. It is crucial to note that this will not affect the funding rate or realized profit and loss (PnL). Thanks to those users who provided constructive feedback based on their interactions with the Hyperliquid contract market.

Two XPL short addresses collectively deposited 73 million USDC into Hyperliquid to avoid liquidation

On August 27th, as monitored by LookOnChain, XPL short sellers are depositing a large amount of USDC into Hyperliquid to avoid liquidation. These include: The address starting with 0x142a deposited $44 million, tripling its short position in XPL and raising the liquidation price to $4.025. The address starting with 0x0Aa9 deposited $29 million, also tripling its short position in XPL and raising the liquidation price to $10.73.

WLFI pin price on Hyperliquid touches $0.39, representing approximately a 25% premium compared to CEX.

On August 27th, based on market data, the WLFI price on Hyperliquid reached $0.39. Currently, it is trading at $0.34. And the pre-market contract price on Binance is currently $0.269.

A whale has shorted XPL and WLFI on Hyperliquid, with an unrealized loss of $1.4 million.

On August 27th, as monitored by lookonchain, a whale address beginning with 0x54d7 took short positions on XPL with 2x leverage and WLFI with 3x leverage on Hyperliquid. This led to a loss of more than $1.4 million. The liquidation prices are as follows: XPL: $2.2866; WLFI: $1.1172.

Hyperliquid Platform XPL Contract 24-hour Trading Volume Surpasses $158 Million, Funding Rate Reaches 0.15%

On August 27th, on the Hyperliquid platform, the perpetual contract XPL is currently priced at $0.84. The 24-hour trading volume exceeds $158 million, the open interest is approximately $50.5 million, and the funding rate is about 0.15%. In earlier news, there was a large-scale sniper attack on XPL in the market: four major addresses coordinated an attack on short hedges, with a total profit of around $46.1 million. The leading address 0xb9c…6801e accumulated multiple long positions since August 24th and made a large buy order to clear the order book at 05:35 this morning. It realized a profit of about $16 million within a minute. The other three addresses closed their positions successively after the price surged. Currently, the leading address still holds approximately $11.43 million worth of XPL in a 1x long position, with an unrealized profit of around $3.35 million.

Hyperliquid Response to XPL Price Surge: The platform has not experienced any technical issues or defaults. Users are advised to be aware of the risks themselves.

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

Hyperliquid Sniper XPL Hedge Whale Address Floating P&L Reaches $2.63 Million Again

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.

XPL on Hyperliquid Surges Again, Reaching $1

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).

Zhu Su: Does Not Believe XPL Price Surge Incident Is Related to Hyperliquid System Issue

On August 27th, Zhu Su posted on social media, stating that he had gone through the discussions about XPL on HL (Hyperliquid). Honestly speaking, he doesn't view this as an exploit (unlike the jellyjelly incident). The problem is not with the Hyperliquid system itself but that some hedgers shorted an asset that was likely to experience a rapid price increase. In fact, they could have increased the collateral to continue shorting. In my opinion, the only possible issue is that some users might not be familiar with the operations of the "cross" and "isolated" margin modes - that is, even with sufficient funds in the account, they were liquidated due to immediate liquidation.

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.