Hyperliquid (HYPE) — Onchain News & Whale Tracking

A Whale Takes Large Short Positions on Multiple Top Tokens on HyperLiquid, with Total Holdings Exceeding $400 Million

A whale deposited 4.28 million USDC to Hyperliquid and went long on ETH with 25x leverage.

A certain Hyperliquid trading whale was liquidated during a market crash, suffering a loss of over $3.5 million.

On June 23rd, as per the monitoring of LookOnChain, due to the market crash, Whale 0x7e8b's holdings of 965 BTC (valued at $97.5 million) and 12,024 ETH (valued at $26.22 million) in long positions were liquidated, which led to a loss of more than $3.5 million. However, he did not give up. After the liquidation, he re-entered with a 40x leveraged BTC long position and currently holds unrealized profits of $1.06 million.

Data: Base, Unichain, and Hyperliquid Ranked Top Three in Cross-Chain Bridge Capital Flow Over the Past Week

June 23rd. Based on DefiLlama data, in the past week, the net inflow of funds through the Base cross-chain bridge reached $35.92 million, ranking first among all public chains. Closely behind are Unichain and Hyperliquid, with net inflows of $15.04 million and $8.75 million respectively. Bera, Avalanche, and Mantle witnessed net outflows of $58.51 million, $51.44 million, and $15.46 million respectively, making them the top three chains with the highest outflows.

Abraxas Capital is Shorting BTC, ETH, and SOL on Hyperliquid, Accumulating a Total Unrealized Gain of Over $1.12 Billion

On June 23rd, as monitored by LookOnChain, Abraxas Capital has established two wallets on Hyperliquid with a 10x leverage to take short positions on BTC, ETH, and SOL. This is employed as a hedge for its spot positions, and the current total floating profit has exceeded $112 million.

A whale holds 19 long positions on HyperLiquid, with a floating loss of 22 million USD

On June 22nd, as monitored by Onchain Lens, a whale holds 19 long positions on HyperLiquid. These positions involve assets such as SOL, ETH, HYPE, XRP, and ADA. In the current market downturn, this whale is facing an approximately $22 million unrealized loss.

A whale has deposited 10 million USDC into Hyperliquid to purchase HYPE.

On June 21st, as monitored by Onchain Lens, a whale transferred 10 million USDC into Hyperliquid. Subsequently, it attempted to purchase HYPE through a TWAP order.

SkyLinked Rune published an article exploring the development of a Hyperliquid competitor using an open-source stack.

On June 16th, Rune, a co-founder of Sky (formerly MakerDAO), made a post on the X platform. He said, "I believe that Hyperliquid is an excellent concept and a well-implemented product. However, I'm curious. If someone intends to replicate this concept by using an open-source stack that has built-in security and has withstood battle testing, what would be the best choice? An OP/Arbi stack? Or are there other options with better performance that do not sacrifice security and reliability?"

On-chain Detective ZachXBT: The Hyperliquid Ecosystem Urgently Needs to Strengthen the Development of Analytical and Compliance Tools

On June 15, it was reported that in a post, on-chain detective ZachXBT stated that the Hyperliquid ecosystem urgently needs funding in order to develop more robust analytics and compliance integration tools to prevent major security incidents. Due to the current absence of adequate tools for Core and EVM, it has become extremely difficult to track incidents of personal asset theft.

Hyperliquid 50x Insider Whale Shorting BTC Again, Current Unrealized Profit Reaches $4.66 Million

On June 14th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the Hyperliquid 50x insider whale has achieved a total profit of $2.05 million through four leveraged BTC trades starting from March 2025, all in the short direction. Currently, their latest 40x BTC short position has once again generated an unrealized profit of $4.66 million. This short position was initiated on June 10th, with a size of $133 million, an entry price of $108,703.6, and a liquidation price of $114,060.

A certain whale address is shorting 16 altcoins on Hyperliquid with an unrealized profit of $3.56 million, holding a total position value of $57.5 million.

On June 14th, as per on-chain analyst Ai Yi (@ai_9684xtpa), it was noticed that the Hyperliquid address beginning with 0xa31 started shorting a group of alternative coins, such as ETH, PEPE, and DOGE, starting from June 12th. Among them, the shorts on DOGE and XRP had the highest unrealized profits, which were $2.48 million and $1.4 million respectively. Meanwhile, the HYPE short showed an unrealized loss of $3.21 million. Currently, 14 out of 16 short positions are in a profitable status, with a total position size of $57.5 million. It is worth noting that $2.275 million in funding fees have been earned over the past three days.

A certain whale deposited 4 million USDC into Hyperliquid and opened long positions on altcoins such as POPCAT and PEPE.

On June 13th, as monitored by Onchain Lens, a certain whale deposited 4 million USDC (amounting to a total of 6 million USD) into Hyperliquid and opened multiple long positions. It took 10x leverage for POPCAT, PEPE, WIF, BONK, and LDO; 5x leverage for ZK; and 3x leverage for PURR. This whale had previously suffered a loss of 7.75 million USD.

A certain whale address deposited 10 million USDT into HyperLiquid to open a 10x long position on ETH, with a position value of $46 million.

BlockBeats provided a report on June 12th. According to the monitoring of Onchain Lens, a particular whale address deposited 10 million USDC into HyperLiquid and established a leveraged long position on ETH with a leverage ratio of 10x. The current value of this position is $46 million.

The KOL with tens of millions of followers, Andrew Tate, made 76 trades on Hyperliquid, with a win rate of only 35.53%.

A certain whale deposited 8 million USDC into HyperLiquid, purchased 100,000 HYPE, and staked them, while also holding short positions in several major cryptocurrencies.

The mysterious whale on Hyperliquid with 20x long BTC positions may be AguilaTrades, with their current position valued at over $432 million.

A certain whale deposited 40.42 million USDC into HyperLiquid and placed limit buy orders for HYPE and FARTCOIN.

BlockBeats reports that on June 11th. According to the monitoring of Onchain Lens, a whale deposited 40.42 million USDC into HyperLiquid and placed buy orders for HYPE and FARTCOIN.

Two new addresses deposited 19.43 million USDC into Hyperliquid and went 5x long on HYPE.

On June 11th. According to the monitoring of Lookonchain, two newly established wallets deposited $19.43 million USDC into Hyperliquid and took a 5x leverage to go long on HYPE.

A certain whale has deposited 7.5 million USDC into Hyperliquid to long Bitcoin, with unrealized profits exceeding 5.7 million USD.

On June 11th, based on the monitoring by lookonchain, the mysterious whale 0x1f25 has once again transferred $7.5 million USDC into Hyperliquid and has been continuously going long on BTC. Current Position: 3,686 BTC (with a value of $405.9 million) Liquidation Price: $105,370 Unrealized Profit and Loss: +$5.72 million

Silhouette, a privacy execution layer based on Hyperliquid, has completed a $3 million Pre-Seed funding round led by RockawayX.

On June 10th, BlockBeats reported that Silhouette, which is a privacy execution layer built on Hyperliquid, officially announced the completion of a $3 million Pre-Seed funding round. This round was led by RockawayX, with the participation of Amber Group, HiveMind, Protagonist, No Limit Holdings, NGC Ventures, and Echo. Silhouette is a "Shield Exchange" constructed based on Trusted Execution Environment (TEE) technology. Its goal is to enable privacy-preserving order matching and settlement functions on Hyperliquid. It supports both HyperCore and HyperEVM, providing a novel DeFi experience that includes advanced strategy operations such as TWAP, VWAP, and RFQ. The project aims to address the problem of "excessive transparency" in on-chain trading, enabling users to trade freely without exposing their strategies.

Hyperliquid launches RESOLV contracts, supporting up to 3x leverage

On June 10th, through the link "https://app.hyperliquid.xyz/join/NTOD", Hyperliquid made an announcement regarding the commencement of RESOLV contract trading, which offers a leverage of up to 3 times.

A 20x leverage whale has deposited $2.35 million into Hyperliquid, potentially to increase their long position.

Two Whales Short Bitcoin with High Leverage on Hyperliquid

On June 9th, as monitored by OnchainLens, whales are initiating Bitcoin short positions on Hyperliquid. Whale 1: Initiated a short position with a leverage of 40 times, amounting to $65 million. Previously, it made a profit of $7.58 million. Whale 2: Opened a short position with a leverage of 35 times, worth $43 million.

A new address deposited 5.5 million USDC into Hyperliquid and then went long on Bitcoin with 20x leverage.

Data: Hyperliquid Total Value Locked has reached nearly $3.4 billion, with an annualized fee revenue of $878 million.

On June 8th, according to data from DefiLlama, Hyperliquid currently has a TVL (supporting USDC and USDT) of $33.86 billion. In the past 24 hours, the annualized fee of the platform has reached $878 million.

James Wynn: CZ's Darkpool Contract DEX Will End HyperLiquid, Previously Reached Out to HyperLiquid for Collaboration Unsuccessfully

On June 8th, James Wynn made a post stating, "HyperLiquid didn't pay me a single cent." I reached out to them twice, with the hope of reaching some kind of cooperation agreement to make up for the attention I brought to them. Although they seemed to appreciate this, they didn't offer such an agreement to anyone. Considering that their platform is decentralized and doesn't operate like a typical exchange platform, this is understandable. I made $34,000 through their platform's referral program. Given the number of registered users and trading volume I brought, this amount is extremely low. Their referral program is quite poor. Other platforms have much better referral programs. In my view, when CZ launches the dark pool perps DEX, it will mark the end of HyperLiquid. CZ has substantial funds, a powerful network, and a strong team to build a unique platform. Just look at all that he has achieved for Binance. I hope this can prompt HyperLiquid to upgrade as they will soon be overtaken by

James Wynn: Earned a mere $34,000 through HyperLiquid rebate, CZ would be a formidable competitor if he were to launch a perpetual DEX.

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.