Hyperliquid (HYPE) — Onchain News & Whale Tracking

Hyperliquid Contract Monthly Trading Volume Hits \$238 Billion, Reaching a New All-Time High and Accounting for 10.54% of Binance's Volume During the Same Period

On June 7th, the monthly trading volume of Hyperliquid's perpetual contract reached a new record. In May, the total volume exceeded $2.48 trillion, representing a 51.5% increase compared to the previous month. In contrast, the perpetual contract volume of Hyperliquid in May 2024 was only $263 billion, achieving a year-on-year increase of 843%. Furthermore, the ratio of Hyperliquid's monthly contract trading volume to Binance, a centralized exchange, reached a historical high of 10.54%, surpassing the previous high of 9.76% in April.

James Wynn withdrew the remaining $700,000 funds from Hyperliquid, with a portion transferred to Kucoin

On June 6th, as monitored by EmberCN, James Wynn just withdrew the final $700,000 funds from Hyperliquid and then transferred 250,000 USDC to Kucoin. "In fact, a total of 1.05 million USDC has been transferred to Kucoin by him in the past few days."

Web3 Security Firm Salus: Chinese Law Enforcement has uncovered 3 money laundering cases using HyperLiquid, with a strategy structure highly similar to James Wynn's modus operandi

On June 6th, Mirror Tang, the founder of Web3 security company Salus, posted on social media that since March of this year, Chinese law enforcement agencies have detected three cases of cryptocurrency money laundering carried out using HyperLiquid. The modus operandi entailed leveraging HyperLiquid's high-leverage liquidation mechanism to launder illegal proceeds, offsetting them on HyperLiquid, resulting in liquidation losses. Meanwhile, taking a long position on centralized exchanges to make a profit and completing the fund laundering. Salus will soon release a research article in collaboration with law enforcement agencies to officially disclose this information. Mirror Tang also pointed out that this strategy is highly similar to the recent actions of the whale James Wynn, who opened high-leverage contracts and ultimately withdrew $100 million in profit. Mirror Tang called on Hyperliquid co-founder Jeff to pay attention to this issue, stating that the failure to address the lack

A whale force-closed a 25x leverage Ethereum long position and withdrew all funds from HyperLiquid

On June 6th, as per the monitoring of Onchain Lens, a whale closed his long position in ETH (with a multiple of 25). He earned a total profit of $5.19 million from this trade and withdrew all funds from HyperLiquid.

Hyperliquid holds 80% of the DeFi perpetual contract market.

On June 3rd, based on The Block data, by May 30th, Hyperliquid had a 80% share in the DeFi perpetual contract market.

A whale deposited 3,998,000 USDC to Hyperliquid and opened a 2x leveraged SOL long position.

Hyperliquid Co-founder Responds to "Transparent Market Dispute" Criticism

On June 3rd, Jeff, the co-founder of Hyperliquid, gave a response to the community's criticism. He stressed that the controversial "Transparent Order Book" design is forward-looking. He put forward four major market structure principles: opposing the misunderstanding that privacy is an execution advantage; emphasizing the core role of competition in improving trade quality; pointing out that repeated games help optimize behavior; and highlighting that system-level transparency is essential for achieving information symmetry. Jeff believes that Hyperliquid has improved trade quality by using the L4 Transparent Order Book, removing the priority mechanism, and effectively filtering out "toxic flow", which challenges the traditional OTC and dark pool logic.

Arthur Hayes: Whale James Wynn is highly likely engaging in hedge trades through an anonymous address to receive the upcoming Hyperliquid airdrop

Whale James Wynn has cumulatively donated the proceeds of 39,345 USDC to Hyperliquid

Whale James Wynn deposited 200,000 USDC to his Hyperliquid account to increase collateral, bringing the liquidation price down to $104,360

On June 2nd, based on on-chain data, whale James Wynn deposited 200,000 USDC into his Hyperliquid account in order to increase collateral. Presently, the liquidation price has decreased to $104,360. His 40x leveraged Bitcoin long position is currently experiencing an unrealized loss of around $1.16 million.

Hyperliquid achieved a monthly trading volume of $248.29 billion in May, hitting an all-time high for the month.

On June 1st, according to the data from DeFiLlama, the trading volume of the decentralized derivatives exchange Hyperliquid Perp reached $2482.95 billion in May, reaching a new all-time monthly high. In addition, Hyperliquid earned $70.45 million in May through trading fees and Ticker auction fees, also setting a new all-time high.

James Wynn withdrew approximately 464,000 USDC from HyperLiquid, and the account is now empty of the stablecoin.

A whale deposited $3.37 million into Hyperliquid, shorted PEPE with 3x leverage.

A certain smart money achieved a win rate of 15 wins out of 16 trades on Hyperliquid, with a total floating profit of $24.5 million.

A whale has deposited 5 million USDC into HyperLiquid to leverage 40x long BTC

On May 28th, as monitored by Onchain Lens, a whale deposited 5 million USDC into HyperLiquid and initiated a 40x leveraged long position on BTC. In previous trading activities, the whale suffered a loss of $2.36 million.

A new wallet deposits 1.5 million USDC into HyperLiquid to leverage 5x long on NXPC.

On May 28th, as monitored by Onchain Lens, a newly established wallet transferred 1.5 million USDC into HyperLiquid and initiated a 5x leveraged long position on NXPC.

Whale James Wynn's 7-Day Loss on HyperLiquid Reaches $56.83 Million

On May 28th, as per on-chain data, the whale James Wynn sustained a loss of $56.83 million on HyperLiquid within the past 7 days and a loss of $13.27 million in the past 30 days, resulting in the overall profits being contracted to $3.3659 million. Currently, there still remains $16.2175 million in assets in the address.

James Wynn denies any connection to the $5.6 million account profiting from copy trading, stating that he only used a public HyperLiquid account for trading.

On May 27th, James Wynn made a statement on social media. He said, "Regarding the owner of the 0x2258 account, it is not me. I have no clue who that person is. I only trade on one HyperLiquid account, and it is public." Previously, it was reported that a certain account, 0x2258, was following James Wynn's trades in the opposite direction and had made a profit of $5.6 million in the past 3 days.

A certain HYPE whale went long on Bitcoin with 10x leverage on HyperLiquid, achieving a HYPE unrealized gain of over $11 million.

On May 26th, as per the monitoring of OnchainLens, a HYPE whale deposited 3.46 million USDC into HyperLiquid and initiated a 10x leveraged long position in BTC. The whale also staked 591,864 HYPE tokens, with a floating profit of 11.2 million.

Whale James Wynn transferred 4 million USDC to Hyperliquid, either for asset reallocation or to increase position size

On May 26th, as per the monitoring of @ai_9684xtpa, whale James Wynn transferred 4 million USDC to Hyperliquid 2 minutes ago. This transfer may be for the purpose of increasing their position.

Hyperliquid: Platform's Open Interest Reaches All-Time High, Surpassing $10.1 Billion

On May 26th, according to official information, Hyperliquid declared that the platform has once more achieved new historical records for several data indicators: Total Open Interest: $10.1 billion; 24-hour Fee Revenue: $5.6 million; USDC Locked: $3.5 billion.

Whale James Wynn deposited 5 million USDC into Hyperliquid 20 minutes ago, adding to his PEPE long position.

On May 26th, based on @ai_9684xtpa's monitoring, 20 minutes ago, James deposited an additional 5 million USDC back into Hyperliquid. Currently, his 10x kPEPE long position has been raised to $19.9 million, with a holding of 1,388,696,014 kPEPE. The entry price is $0.01409 and the liquidation price is $0.010291.

Hyperliquid: Foundation Official X Account Secure

On May 26th, Hyperliquid announced on its social media platforms that the Hyper Foundation X account has been safeguarded. The Hyperliquid blockchain and all other social media channels remained unaffected and were in a secure state. The team indicated that with the help of the X Security Team, a comprehensive investigation is in progress. The account has always adhered to and will continue to adopt the best security measures. No internal systems, emails, or related credentials have been violated. Hardware two-factor authentication also remained intact. Sincere gratitude is extended to the X team for their prompt actions and support. In previous news, on May 24th, the official X account of Hyper Foundation @HyperFND was compromised.

Whale James Wynn has conducted 38 trades on Hyperliquid in the past 75 days, with a win rate of 45%.

On May 26th, as per the monitoring of LookOnChain, the top trader James Wynn withdrew 28 million USDC from Hyperliquid and made a profit of 25.2 million US dollars. In the past 75 days, he has carried out 38 trades on Hyperliquid. Among them, 17 were profitable, resulting in a winning rate of 45%. During this period, he contributed approximately 2.31 million US dollars in fees to Hyperliquid.

Whale Trader Drives Hyperliquid to Victory, Accumulating $55.4 Million in Fees in May

On May 26th, on-chain data analyst @ai_9684xtpa stated on social media that the large contract operations of whales such as James Wynn have made Hyperliquid the ultimate winner. The data shows that as of May, Hyperliquid has collected a total of $55.4 million in fees. On May 21st, the fee and protocol revenue reached a peak since 2025, with a daily fee of up to $4.65 million. Interestingly, this was the day when James (with a long position) and the "insider address" (with a short position) opened opposing positions, and the total position size reached $1.2 billion for the first time. In addition, HYPE also broke through $39 this morning and hit a new all-time high. Currently, it is priced at $39.4, with a 24-hour increase of 14.2% and a 24-hour trading volume of $277 million.

James Wynn has achieved a total yield of $56.637 million on Hyperliquid since May 2025.

On May 25th, according to @ai_9684xtpa's monitoring, since May 2025, James Wynn's cumulative leveraged revenue on Hyperliquid has reached $56.637 million. The details are as follows: · A total of 9 token operations were involved, among which 5 were Memecoins, accounting for 55% of the total. · James prefers long positions. Long positions account for 83.3% of the 12 large operations, but the winning rate is only 50%. · The most profitable token is PEPE, with a profit of $25.187 million. · The most losing token is ETH, with a loss of $3.696 million.

A whale has deposited 4 million USDC into HyperLiquid to open a 15x BTC short position.

On May 23rd, as monitored by Onchain Lens, a whale deposited 4 million USDC into HyperLiquid and initiated a BTC short position with a leverage of 15 times.

Hyperliquid Labs: Has Submitted Two Comment Letters to the US CFTC in Response to Its Recent Request for Public Input on Perpetual Contracts and 24/7 Trading

On May 23rd, Hyperliquid Labs made an announcement stating that "Hyperliquid Labs is dedicated to promoting decentralized finance (DeFi) and holds the belief that it has the potential to introduce a more open, transparent, and efficient financial system to everyone. Hyperliquid Labs has submitted two comment letters to the U.S. Commodity Futures Trading Commission (CFTC) in response to its recent Request for Comment on perpetual contracts and 24/7 trading. We are grateful for the CFTC's active participation in these matters, as this understanding is of great significance for the development of global markets." The key opportunity lies in supporting the growth of DeFi in the United States through open communication and a clear regulatory framework, which ensures that the US can continue to lead in financial innovation while effectively safeguarding the interests of users. We express our gratitude to the CFTC for its leadership in exploring these crucial market innovations and for provi

Hyperliquid: Platform Sets New All-Time Highs Across Multiple Metrics, With Open Interest Reaching $8.9 Billion

On May 22nd, the Hyperliquid team announced on social media that the platform has achieved several records reaching new highs today. These records include: · Open Interest: $8.9 billion · 24-hour Trading Volume: $5.4 million · USDC Total Value Locked: $3.2 billion

James Wynn continues to add to his Bitcoin long position, while the high win-rate short whale on Hyperliquid has been liquidated multiple times

On May 22nd, as per Ashes Monitor, James Wynn has now raised his BTC long position to 10,200 coins, with a value of $1.12 billion. There are unrealized gains of $18.16 million. The entry price is $108,065, and the liquidation price is $103,757. Meanwhile, the Hyperliquid high win rate whale, after each short position is reduced through liquidation, continues to add margin to Hyperliquid to take short positions again. Currently, it has suffered a loss of $5.56 million. After being liquidated and reduced several times, the current situation of its short position is as follows: It has a 40x short position of 449 BTC, worth $49.38 million. The entry price is $107,823, and the liquidation price is $111,639.

Whale James Wynn Increases Long Position to $8.15 Billion, While Whale on Hyperliquid Adds to Short Position 40x, Causing Liquidation Price to Surge by 2 Million Units

On May 21st, according to the monitoring of on-chain data analyst @ai_9684xtpa, as Bitcoin reached a new all-time high again, the long position of whale James Wynn increased to $815 million. The specific data is as follows: · Long Position Size: 7,444.97 BTC, approximately $815 million. · Entry Price: $107,726.7. · Liquidation Price: $101,420. · Current Unrealized Profit: $13.46 million. It is worth noting that the whale who took a 40x short position on Hyperliquid also added $2 million USDC as margin. Currently, the position data is as follows: · Short Position Size: 597.4 BTC, approximately $65.43 million. · Entry Price: $108,185.5. · Liquidation Price: $112,320. · Current Unrealized Loss: $806,000.

Hyperliquid High Win Rate Whale Recently Profit Over $4 Million USD Swing Trading ETH

On May 21st, according to the monitoring of ai_9684xtpa, the ETH spot position of the "High-Win Rate Whale with over $21.128 million in Hyperliquid gains" is as follows: 7 hours ago, he liquidated all 1221.3 ETH that he purchased on May 13th (worth $3.05 million). His cost per ETH was $2457, and he sold them at $2500.65 per ETH, realizing a profit of $52,000 in this trading cycle. Since May 11th, he has accumulated a profit of $3.792 million by buying ETH at a low price and selling it at a high price.

Three Whales on Hyperliquid Long BTC with 40x Leverage, Total Position Reaches $1.03 Billion

On May 21st, as monitored by lookonchain, there are currently 3 whales on Hyperliquid who are using 40x leverage to go long on BTC. The total position size amounts to up to $1.03 billion. At the same time, another "gambler" is shorting BTC with 40x leverage, and the short position is $88 million. Here is the current situation: · Whale 0x5078: Long Entry Price: $105,033.4; Current Profit: $12.66 million; Liquidation Price: $100,350. · Whale 0xc653: Long Entry Price: $106,901.2; Current Loss: $21,600; Liquidation Price: $93,560. · Whale 0x46e3: Long Entry Price: $107,132.6; Current Loss: $30,200; Liquidation Price: $100,430. · Short 0x51d9: Short Entry Price: $107,091.9; Current Profit: $29,100; Liquidation Price: $108,500.

Hyperliquid High Win Rate Whale Goes Short on Bitcoin with 40x Leverage, Short Position Valued at $88.41 Million

On May 21st, as monitored by ai_9684xtpa, the "High Win Rate Whale with Profits Over $21.128 Million on Hyperliquid" address opened a 40x short position on BTC in the early hours at 4:00 a.m. when Bitcoin surged to a short-term high. It deposited 2.3 million USDC and currently holds a short position of 826.18 BTC, approximately $88.41 million. - Opening Price: $107,091.9; - Liquidation Price: $108,500; - Current Unrealized PnL: $68,000. Currently, this address is in a short position match against the well-known trader James Wynn, but both are currently in a profitable state.

A whale has deposited $16 million into Hyperliquid and has gone long on Bitcoin with 40x leverage.

On May 21st. According to the monitoring of OnchainLens, a cryptocurrency whale address deposited 16 million USDC into Hyperliquid and opened a Bitcoin long position with a leverage of 40 times. Currently, the position is worth more than 1.1769 billion, and the floating profit is 100,000. The relevant wallet address is: 0xc653c52d0b0528fe5eaca412a7bc1a5aabb7c142.

A whale that lost $929k in the last 10 days has once again deposited 4.2M USDC into Hyperliquid.

On May 19th, as per the monitoring of Onchain Lens, a whale deposited 4.2 million USDC into Hyperliquid. It opened 10x leveraged long positions for ENA, PEPE, and NEAR but liquidated them prematurely, resulting in a loss of 400,000 USD. Currently, it still holds a 5x leveraged position in HYPE. In addition, this whale also placed a limit order for TIA. Over the past 10 days, it has suffered a total loss of 929,000 USD.

A whale has withdrawn nearly 9 million USDC from Hyperliquid in the last 24 hours.

On May 17th, based on HyperInsight data, a whale has just withdrawn 999,999 USDC from Hyperliquid. In total, 8,999,991 USDC have been withdrawn from Hyperliquid in the past 24 hours.

An example Whale deposited $1.7M into Hyperliquid and shorted SOL with 20x leverage

On May 16th, as monitored by Onchain Lens, a whale deposited 1.7 million USDC into Hyperliquid and initiated a 20x leveraged short position on SOL.

Galaxy Digital Founder: Hyperliquid is a "Decentralized Nasdaq" with Transparent Profit

On May 16th, Mike Novogratz, the founder and CEO of Galaxy Digital, stated in an interview with CNBC that "Hyperliquid is a decentralized Nasdaq that features transparent profit and loss (P&L), which is attractive to traditional stock investors."

Hyperliquid launches NXPC smart contract trading

On May 15th, as per official channels, Hyperliquid has initiated NXPC contract trading and offers a leverage of up to 5x.

A whale has deposited 4.4 million USDC into HyperLiquid to short ETH with 20x leverage and short XRP with 8x leverage.

On May 14th, as monitored by Onchain Lens, a whale deposited 4.4 million USDC into HyperLiquid. It then opened a short position on ETH with a leverage of 20x and a short position on XRP with a leverage of 8x.

Hyperliquid: SOL and FARTCOIN Deposits, Withdrawals, and Spot Trading Now Open

BlockBeats news. On May 13th, Hyperliquid announced on social media that deposits, withdrawals, and spot trading of SOL and FARTCOIN are now available.

Hyperliquid's open interest for futures contracts has exceeded $6.7 billion, reaching an all-time high.

On May 13th, based on official data, the open interest in futures contracts of Hyperliquid has reached a record high, exceeding $6.7 billion.

A certain Hyperliquid high-win-rate whale spent $3 million to buy 1221.3 ETH

On May 13th, as monitored by @ai_9684xtpa, a high-win-rate whale on Hyperliquid liquidated a WIF short position 8 hours ago. It spent 3 million USDC to purchase 1221.3 ETH at an average price of $2457.

"The 'Hyperliquid High Win Rate Whale' closed WIF short position with a stop-loss, resulting in a loss of $243,000."

On May 13th, according to Ashes Monitor, the "Hyperliquid High Win Rate Whale" liquidated its 10x leveraged short position with a stop loss in the evening last night, resulting in a loss of $243,000.

Hyperliquid's high-win-rate whale WIF short position has a unrealized profit of $112,000, with a liquidation price of $1.165.

On May 12th, according to the monitoring of ai_9684xtpa, the "Hyperliquid" Whale with a high winning rate has achieved a floating profit of $112,000 on its latest WIF short position. The total position size is $5.14 million. - Margin: $368,478 - WIF Short: 4,591,933 coins, with a value of $5.14 million - Entry Price: $1.14 - Liquidation Price: $1.165

The Hyperliquid high-win-rate whale went short on WIF with 10x leverage, with a liquidation price of $1.19.

On May 12th, according to the monitoring of ai_9684xtpa, the "Highly Profitable Whale" that had a profit of over 17.55 million US dollars on Hyperliquid entered a short position on WIF again with 10x leverage after closing its Bitcoin short position. The details are as follows: - Margin: $368,478 - WIF Short: 3,576,537 coins, with a value of $4.08 million - Entry Price: $1.15 - Liquidation Price: $1.19

The Hyperliquid High Win Rate Whale has closed its Bitcoin short position, ultimately profiting $1.296 million

On May 12th, according to the monitoring of ai_9684xtpa, the "High Win Rate Whale of Hyperliquid Profits Over $17.55 Million" shorted BTC with a leverage of 40 times today. It has currently closed the position and achieved a profit of $1.296 million. After deducting the loss from the LDO position, the total leveraged profit for this round is $1.217 million. As of now, in the 12 leveraged trades since March 2, 2025, a total profit of $21.128 million has been accumulated. There were 11 wins out of 12 trades, and the win rate is 91.7%.

Hyperliquid 50x Leveraged Whale Sold 3724 ETH 1 Hour Ago, Profiting $3.747 Million

On May 11th, according to the monitoring of on-chain analyst yujin, the Hyperliquid 50x leverage whale purchased 3,715.5 ETH (valued at $5.5 million) in spot transactions on April 7th at a price of $1,493.5 and has not carried out any further transactions since. Until the recent surge in the ETH price, it was decided to take profits and sell out one hour ago: sold 3,724 ETH (valued at $9.29 million) at a price of $2,502.1, realizing a profit of $3.747 million (+67%).

Hyperliquid Platform's Open Interest Surpasses $5.6 Billion, Reaching an All-Time High

On May 11th, Hyperliquid announced on social media that the open interest in futures contracts on its platform has exceeded $5.6 billion and reached a new record high.