Hyperliquid (HYPE) — Onchain News & Whale Tracking

Hyperliquid responds to being placed on Singapore’s investor alert list: It does not constitute an enforcement action or a finding of violation.

Hyperliquid has responded on X to its inclusion in the Monetary Authority of Singapore (MAS) Investor Alert List (IAL), stressing that being listed on the IAL does not amount to a ban, enforcement action or determination of violations. The list only identifies entities that could be misconstrued as holding an MAS license or falling under MAS regulation, and currently features several major exchanges and DeFi protocols. Hyperliquid noted that it is a permissionless infrastructure, has never claimed to hold an MAS license or received its authorization, and no changes have occurred to its network. Users remain fully self-custodied, and all transactions are settled transparently on-chain. The platform added that it will continue to cooperate with global regulators and institutions, and support the establishment of a clear, well-designed regulatory framework for on-chain finance.

The largest long whale on Hyperliquid has added to its BTC position again, lifting its BTC position to around $445 million.

According to EmberCN’s monitoring, Hyperliquid’s largest long-position trader continued adding to his positions after Bitcoin fell to $59,000. He opened 500 BTC long positions via three wallets at an average price of $59,261, worth approximately $30 million. To date, the trader holds a total long position of around $445 million, including 120,000 ETH and 2,500 BTC. The average entry price for his ETH long positions is $2,261, while that for BTC long positions stands at $69,560. As of now, the trader’s overall unrealized loss has widened to roughly $110 million.

A crypto whale allocated $8 million to Hyperliquid to open a 20x leveraged long position on Bitcoin.

According to monitoring by Onchain Lens, a crypto whale has allegedly created two new addresses and allocated $8 million to Hyperliquid via these addresses to open a 20x leveraged long position on 400 Bitcoin, valued at approximately $23.5 million.

Data: Total value locked (TVL) in DeFi fell by 39% cumulatively in 2026, with TRON and Hyperliquid growing against the trend.

CryptoRank’s latest report shows that decentralized finance (DeFi) total value locked (TVL) has declined for six consecutive months, falling from around $115 billion in January 2026 to roughly $70 billion currently, marking a 39% year-to-date drop, a trend reflecting the ongoing correction following the 2025 crypto market peak. Data indicates that 121 security incidents have occurred in the DeFi space since the start of 2026, resulting in total losses of approximately $942 million. Among these, 85 attacks took place in the second quarter, causing around $775 million in losses, making it one of the most attack-prone quarters on record. The April attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) alone account for more than half of the year’s total losses. Among the top 10 public blockchains by TVL, only TRON and Hyperliquid have posted positive growth. TRON’s year-to-date TVL rose by around 5%, driven primarily by demand for USDT transfers, stablecoin settlements, and lending services. Hyperliquid’s TVL grew by roughly 6.7%, fueled by its leading position in the on-chain perpetual contracts market and the expansion of its HyperEVM ecosystem. However, the report notes that the current DeFi downturn is significantly milder than the 2021–2022 cycle. Back then, DeFi TVL plummeted by over 70% in just seven months, while current capital is flowing more into segments like stablecoins, real-world assets (RWA), derivatives, and infrastructure, making the market structure more diversified and mature than in the previous cycle.

Hyperliquid’s HIP-3 market has cumulatively generated $44 million in revenue, with half allocated to HYPE token buybacks.

On-chain data shows that as of now, the HIP-3 market has cumulatively generated $44 million in total revenue. Of this amount, $22 million has been distributed to HIP-3 developers, while the remaining $22 million is earmarked for HYPE token buybacks. HIP-3 is a market creation and incentive mechanism within the Hyperliquid ecosystem, allowing developers to create and operate trading markets and earn protocol revenue splits based on market performance. The disclosed data indicates that HIP-3 has become a key revenue source for the Hyperliquid ecosystem, while also continuously providing funding support for HYPE token repurchases.

Hyperliquid: Recommends users immediately convert USDH to USDC

Hyperliquid official announcement: USDH is approaching phase-out, with users advised to immediately convert USDH to USDC. As Coinbase becomes Hyperliquid’s official USDC treasury deployer, the platform will shift to using USDC as its primary stablecoin and collateral, leading to USDH’s gradual exit from circulation. USDH remains tradable and fully supported at present; during the transition period, users can convert USDH to USDC or fiat currency for free via the Native Markets USDH Dashboard. The platform will also coordinate with relevant HIP deployers to complete the migration, ensuring a secure and smooth transition of user assets.

Hyperliquid perpetual contract open interest market share hits 8.4%, reaching an all-time high

On June 20, data from hypeflows shows Hyperliquid has set a new all-time high, capturing 8.4% of the global perpetual futures contract market based on open interest size — and that’s across all centralized exchanges, including major players like Binance, Bybit, and OKX. Meanwhile, HTX market data puts HYPE’s current trading price at $70.98, with a 3.09% gain over the past 24 hours.

CZ: Price prediction aids in price discovery, and Hyperliquid validates new market demand

On June 20th, Binance founder Changpeng "CZ" Zhao appeared on the Galaxy Brains podcast, sitting down for an interview with Galaxy Research Director Alex Thorn. During the discussion, CZ hailed prediction markets as a clever, valuable invention—while noting they’re not new, he emphasized any tool that drives price discovery and liquidity is a net positive. He argued these markets tend to be more accurate than other forecasting methods because people with stronger judgment will participate by putting real money at stake. CZ called the news that Polymarket and Kalshi secured U.S. licenses a positive development, adding he hopes more crypto-focused prediction market projects will operate responsibly. Turning to Hyperliquid, CZ said the platform has unlocked a previously unproven market demand. Its team is small but highly capable, with solid technological innovation—but drawing from his own experience, he wouldn’t adopt Hyperliquid’s current KYC-free operating model. He also note

Hyperliquid Ecosystem Fund and Treasury Company collectively hold 25% of the circulating HYPE tokens

Flash Alert (June 18): Per public data, HYPE Treasury’s Hyperliquid Strategies holds 9.31% of all circulating HYPE tokens (valued at $2 billion) and accounts for 2.78% of HYPE’s total supply. When adding the Hyperliquid Ecosystem Fund to the calculation, their combined holdings rise to 7.3% of HYPE’s total supply (worth $5.3 billion) and 25.5% of its circulating tokens.

Hyperliquid ETF Maintains Strong Net Inflow Trend, Attracts $28 million in New Funds in the Past Three Days but Inflow Slows Down

June 18 update: Per monitoring from Hyperinsight (via its Telegram channel at https://t.me/HyperInsight), Hyperliquid-related ETFs have seen a total net inflow of $28 million over the past three days. Of that total, Bitwise’s BHYP led inflows with a $24.5 million net addition; HYPG brought in $2.2 million, while THYP accounted for $1.3 million. Since launching, this category of ETFs has accumulated $182.5 million in total net inflows. However, daily inflows have been on a steady decline in recent days. As of the last trading day, the daily net inflow dropped to $2.1 million. Turning to HYPE token spot demand: the expected net purchase from TWAP orders over the next 24 hours is roughly $9.3 million, with a suspected address linked to a16z remaining the primary buying source. Additionally, the HyperInsight Bot is now live. To add it to your Telegram community, search for @HyperInsightBot, grant it admin permissions, and enable message-sending access — this will allow it to automatical

Alleged a16z Wallet Transferred 24 million USDC to Hyperliquid to Buy HYPE

June 18: On-chain analyst Wu Jinyu’s monitoring shows 12 wallets suspected to be affiliated with a16z have transferred 24 million USDC to Hyperliquid over the past 20 hours and are currently purchasing HYPE via TWAP. a16z is now the largest institutional holder of HYPE and has been one of the key drivers behind HYPE’s recent streak of all-time highs. Separately, since March, the firm has funneled a total of $259 million in USDC into Hyperliquid through over 100 wallets to acquire and stake 4.035 million HYPE at an average price of roughly $64, with an approximate unrealized gain of $29 million as of now.

OKX Star Questions CZ's 'Hyperliquid Non-compliance' Remarks

June 17. OKX Founder and CEO Star took to social media to respond to CZ’s recent interview remarks, where CZ noted Hyperliquid’s innovations are impressive but he would never follow its business model due to compliance issues. Star’s statement read: “CZ is fully aware of the legal and regulatory risks involved, yet he still created a shell company to replicate Hyperliquid’s business model, personally promoted it, and allocated significant shared resources. Perhaps forming such an independent shell entity is their solution to compliance. But if the core business model, resources, personnel, and incentive mechanisms are essentially identical—what, then, is the real difference between the two?”

SPCX daily trading volume reached $1.35 billion, surpassing ETH as the second-largest contract on Hyperliquid

June 17 — Per Hyperinsight’s Telegram monitoring (@HyperInsight), trading activity for SPCX (SpaceX) on the Hyperliquid platform remains surging, with a 24-hour trading volume of $1.35 billion, accounting for 35.3% of the total trade.xyz volume. On a full-platform basis, SPCX single contracts alone contributed 16.6% to Hyperliquid’s overall trading volume. Currently, SPCX’s trading volume on Hyperliquid has surpassed that of Ethereum (ETH), ranking as the platform’s second-largest contract by volume, trailing only Bitcoin (BTC). The 24-hour position size for SPCX reached $280 million.

Ventuals has announced the closure of its platform and integration into the Hyperliquid ecosystem. All pre-IPO markets will be settled in due course.

June 15 — Ventuals announced that it will gradually wind down its operations and join another team within the Hyperliquid ecosystem, marking the end of its "all-weather private sale market" experiment. The project, which previously enabled users to trade exposure to pre-IPO private tech companies, has secured over 500,000 HYPE in funding and amassed roughly $6.5 billion in total trading volume. Per the announcement, all deployed HIP-3 markets will proceed with their scheduled settlement processes. Pre-IPO markets (such as those for OpenAI and Anthropic) will settle based on a 24-hour time-weighted average price (TWAP) freeze, with final settlement prices set at $1,341.80 for OpenAI and $1,618.90 for Anthropic. Commodity and index markets—including offerings for MAG7, semiconductors, energy, and defense—will begin halting trading on June 18, with settlements calculated using the last available external price. All outstanding positions will be automatically liquidated during this phas

A whale deposited 5.5 million USDC into HyperLiquid, opened a leveraged long position in HYPE and ZEC

On June 15, monitoring from Onchain Lens reveals that a crypto whale deposited 5.5 million USDC into HyperLiquid and opened two leveraged long positions: a 10x leveraged long for 120,000 HYPE and a 3x leveraged long for 6,193 ZEC. Additionally, the whale had earlier closed an ETH long position, booking roughly $396,000 in realized profits.

Hyperliquid US Stock Storage Sector Leads Night Session Gain, MU and SNDK Up Over 4%

Futu's Moomoo Integrates HyperLiquID Market Data

June 15 — Per an official announcement, Futu’s subsidiary app Moomoo has started integrating Hyperliquid’s on-chain perpetual contract market data, with the integration launched on June 11. Users can now directly view Hyperliquid’s perpetual contract trading data within the Moomoo app.

Hyperliquid HIP-3 Cumulative Trading Volume Surpasses $200 Billion, S&P 500 On-Chain Ignites Chain-Linked Total Asset Race

June 14 – Hyperliquid’s HIP-3 framework, launched in October 2025, has hit major milestones: total trading volume has surged past $200 billion since its debut, while open interest (OI) reached a historical high of $3.2 billion this June—signaling a new era for on-chain traditional asset derivatives. A pivotal development came when S&P Dow Jones Indices officially licensed Trade[XYZ] to roll out the world’s first S&P 500 perpetual contract on Hyperliquid. The product provides 24/7 leverage access to eligible non-U.S. investors, settles in USDC, and has no expiration dates or rollover costs. It topped $1 billion in daily trading volume in its first week, quickly climbing into the platform’s top 10 most active trading pairs. This momentum got an extra boost from SpaceX’s recent initial public offering (IPO) on Nasdaq. After the launch, retail investors widely voiced frustration over custody limits and lock-up barriers on centralized exchanges. Simon Dedic, co-founder of Moon Rock Capita

Hyperliquid perpetual contract open interest reached 8.2% market share, hitting a new all-time high

On June 13th, data from Hypeflows shows Hyperliquid has captured an 8.2% market share in the global perpetual futures contract market (measured by open interest size), including all major centralized exchanges such as Binance, Bybit, and OKX. This marks a new all-time high for the platform since its launch. HTX market data indicates HYPE is currently trading at $58.37, down 1.62% over the past 24 hours.

The largest long liquidation on Hyperliquid amounted to $36.4 million in SPCX, resulting in a loss of approximately $300,000.

June 13 — On-chain analyst Yu Jin reports that the largest long position on Hyperliquid has effectively closed out its SPCX long position, missing out on potential profits and instead taking an approximate $300,000 loss. Prior to SPCX’s listing, the wallet address had built an SPCX long position worth roughly $36.4 million on Hyperliquid, with an average entry price of $171.4. Following SPCX’s launch, the token’s price remained around that level without any upward movement. Over the past few hours, the address has been unwinding its position gradually at an average price of $169.8, resulting in an estimated loss of about $300,000.

Citrini Research Adds Hyperliquid ETF Long Position

June 13 – Per market sources, influential research firm Citrini Research has notified its subscribers that it has established a new long position in the Hyperliquid ETF (ticker: BHYP). Earlier this year, in February, Citrini released a report outlining the concept of a “global intelligence crisis,” warning that artificial intelligence could trigger a “race to the bottom” dynamic for knowledge-based jobs, disrupting industries and credit chains built around white-collar productivity. The report subsequently sparked a sharp stock market sell-off.

Crude Oil Extends Decline, Hyperliquid Whale Opens $19.8 Million Short Position Today

June 12 – Per Hyperinsight Monitoring (https://t.me/HyperInsight), oil prices have extended their decline following a statement from former President Donald Trump that a peace agreement with Iran could be signed as early as this weekend. The core terms of the proposed deal include the immediate reopening of the Strait of Hormuz and the cancellation of associated tolls, further pressuring crude markets. On Hyperliquid, WTI crude oil futures have expanded their 24-hour drop to 5.45%, while Brent crude is down 5.5%. Meanwhile, the largest holder of oil futures positions ramped up short selling with 20x leverage: they opened a short position on 235,200 WTI crude contracts worth roughly $19.8 million at an average price of $84.97, now ranking as the second-largest WTI crude bear on Hyperliquid. Separately, a single whale controls the dominant combined short position across both oil futures contracts, totaling approximately $70 million, with an unrealized paper profit of around $5.9

Hyperliquid HIP-4 Prediction Market Launches Price Predictions for HYPE, ETH, and SOL

On June 12, Hyperliquid rolled out new markets under its HIP-4 Prediction Market Outcomes framework, focused on predicting the prices of HYPE, ETH, and SOL. Hyperliquid Outcomes operates on a fully collateralized model: its non-linear settlement design delivers near-option-like flexibility to users, while broadening their strategic toolset. It is also natively integrated into the HyperCore chain, enabling cross-margin sharing with the platform’s spot and perpetual contracts—facilitating seamless interoperability and efficient liquidity reuse.

Before SpaceX IPO, Hyperliquid's holdings surpassed $200 million, with a major whale holding $17.6 million in bullish positions.

June 12: Per Hyperinsight’s monitoring, SpaceX is scheduled to make its official Nasdaq debut at 9:30 p.m. Beijing time the same day. Ahead of the IPO, trading activity for SPCX on the Hyperliquid platform surged, notching a 24-hour trading volume of $136 million with open positions exceeding $200 million at the time. The largest long-position whale on Hyperliquid currently holds a $17.6 million long position, opened two days ago at an average price of $165.7. As of this writing, its unrealized profit stands at $600,000. Related Address: 0x9cc10bd3c7e2486c0ae4623e4f7cc3ff143fac56

Binance Launches bStocks: Disrupts Hyperliquid 24/7 US Stock Trading Dominance, Takes Lead in Tokenized Securities Market入

On June 11, following Binance’s official launch of tokenized securities bStocks, U.S. stock trading is converging even further toward the nonstop trading model that defines crypto assets. Unlike traditional exchanges like the New York Stock Exchange (NYSE) and NASDAQ, bStocks can be traded 24/7 on Binance’s spot market—covering after-hours windows outside regular U.S. stock market hours, plus weekends, holidays, and other periods when traditional markets close. The initial bStock listings include five assets: NVIDIA, Tesla, Circle, Micron, and SanDisk. To access bStocks, users first hold the underlying U.S. stocks via Binance’s stock trading platform, then convert those holdings to bStocks at a 1:1 ratio. Conversions back to original stocks are allowed anytime, with no lock-up periods or conversion fees. Before Binance’s move, 24/7 U.S. stock trading was a core advantage in the Hyperliquid ecosystem, with on-chain trading platforms like trade.xyz and Ventuals leading this space. For e

A new address deposited $3 million USDC into Hyperliquid, holding over 36,000 ETH in a long position.

June 11: OnchainLens has flagged a newly minted crypto wallet address that deposited $3 million in USDC into derivatives exchange Hyperliquid, where it’s been actively rotating between long and short positions. Currently, the address holds a 20x leveraged long position of 36,097 ETH, with the position valued at roughly $58.49 million and carrying an unrealized loss of approximately $380,000. Prior to this, the whale completed two trades—first going long, then flipping to short—netting a total profit of around $1.7 million.

On the eve of the US CPI release, a Hyperliquid whale shorted $110 million on the S&P 500.

June 9th, per Hyperinsight Monitoring, the U.S. May CPI data will be released tomorrow at 8:30 PM Beijing time. Following last week’s surprisingly strong non-farm payrolls report, this CPI release will further confirm whether inflation is picking up, which will impact market expectations for interest rate cuts. Since last Friday, while there has been a slight rebound after a pullback, the S&P 500 remains roughly 1.54% below its recent peak. On the eve of the data release, a major whale on Hyperliquid opened a 15,000x leveraged short position on the S&P 500, with a position size of approximately $1.115 billion. The entry price stands at $7,417, and the liquidation price is $8,294.9, making this currently the largest S&P 500 short position on the platform. Address: 0x97f8219e401f07752a60ddb0a75efda96d1389d9 Note: The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and assign it as an admin (with message-sending permissions enabled) to automatically sync on-ch

A certain whale has opened a $52 million short position, becoming the largest BTC bear on Hyperliquid.

June 9: Hyperinsight monitoring reports the largest single Bitcoin (BTC) short position on Hyperliquid that day was opened by a whale trader. The position used 20x leverage, shorting 831.4 BTC worth roughly $52 million at an average entry price of $62,675, with a liquidation price set at $69,909. Notably, this trader is not a long-term bear on BTC—they focus on quick-turnaround trades for both BTC and Ethereum (ETH), boasting a 9-game winning streak and a weekly profit of $710,000. Their wallet address is 0x50b309f78e774a756a2230e1769729094cac9f20.

Citrini classifies HYPE as an "Attractive" investment target, stating that Hyperliquid accounts for nearly half of the 2025 crypto token buyback

June 9: Citrini Research — the organization behind the "AI Doomsday Report" — has named decentralized perpetual contract trading platform Hyperliquid and its native HYPE token a new "attractive" investment target. In its report, Citrini stated: "Unlike most narrative-driven assets in the crypto market, including Bitcoin, HYPE generates real cash flow and even includes a built-in buyback mechanism." Hyperliquid generated roughly $10.6 billion in annualized revenue, with approximately $220 billion in perpetual contract trading volume over the most recent 30 days, per the research. Over 90% of the platform’s revenue is transferred to its Assistance Fund, which is systematically deployed to purchase HYPE on open markets. Since launching in January 2025, the Assistance Fund has accumulated more than $2 billion in HYPE buys — accounting for about half of all token buyback activity across the crypto industry last year. Hyperliquid has emerged as a leading name in decentralized perpetual con

Today Hyperliquid Witnessed Multi-Million Dollar Bullish BTC Accumulation, Second Largest Short Position Places $60,000 Order to Exit at Breakeven

June 8, per monitoring by Hyperinsight (https://t.me/HyperInsight), no whale participants in BTC trading have yet held long positions worth over tens of millions of dollars for more than one hour. As of press time, the largest BTC bull, nicknamed the "BTC OG Insider Whale," is still sitting on an unrealized loss of $16.3 million. Over the past 30 minutes, the second-largest BTC short holder placed a buy order at $60,093, planning to close their position to break even once the price falls to that level. Data shows this whale liquidated its entire position two days ago amid the price drop and opened a short position of $26.25 million at a relatively low point. Its cumulative loss has now exceeded $1.25 million. Address: 0x0ad9e656d9e6211d0ea1c5462342e1fc94cc4cbf

SK Hynix Jumps to the Top Spot on Hyperliquid, with the Contract Surging an Additional 4% in After-Hours Trading

June 8: Per Hyperinsight’s monitoring, in the past 24 hours, SK Hynix’s contract trading volume on Hyperliquid reached $147 million, ranking as the highest-volume asset only second to U.S. stock indices. Its open interest volume stood at $97.7 million. After SK Hynix (KRX: 000660) closed at 2:30 PM Beijing time, the corresponding contract on Hyperliquid rose 4% during after-hours trading, hitting a high of $1,300 and currently trading at $1,286. Earlier, Korean AI chip stocks faced heavy sell-offs, but after Nvidia and SK Hynix announced a long-term technology partnership, market sentiment improved, leading to a rebound in stock prices. Additionally, HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram community, grant it admin privileges (with message-sending permission enabled), and it will automatically sync on-chain information.

Hyperliquid perpetual contract open interest reaches 8% market share, hitting an all-time high

June 7 – Per data from Hypeflows, Hyperliquid has captured an 8% share of the global perpetual futures contract market when measured by open interest size. This share includes all centralized exchanges such as Binance, Bybit, and OKX, marking a new record high since the platform’s launch. According to HTX market data, HYPE is currently trading at $57.72, with a 2.42% drop over the past 24 hours.

「Buddy」 incurred a total loss of $80 million in contract trading on Hyperliquid over the past year

June 6: Arkham announced that over the past year, Huang Licheng, known as "Brother Ma Ji," racked up $80 million in losses trading perpetual contracts on Hyperliquid. This marks the first time he has not immediately topped up his account with funds following a liquidation.

Grayscale Hyperliquid ETF Sees $4.7 Million Net Inflow on First Day, with Total Cumulative Inflows for Such ETFs Reaching $145 Million

June 5 — According to Hyperinsight monitoring, Grayscale’s Hyperliquid Spot ETF (HYPG) officially launched on June 4, drawing $4.7 million in net inflows on its first day of trading. That same day, total net inflows across all Hyperliquid ETF products hit $12.2 million. BHYP saw $7.5 million in net inflows, HYPG contributed the $4.7 million, and THYP recorded roughly balanced inflows and outflows. Since this product category launched, it has maintained a consistent net inflow trend, with total cumulative inflows now reaching $145 million — signaling sustained institutional demand for allocations in this space. For context: 21Shares was the first to roll out THYP on May 12, followed by Bitwise’s BHYP launch on May 15, and Grayscale’s HYPG is one of the most recent additions to this ETF line. A quick update: The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (and enable message-sending permissions) to automatically sync on-chain informat

ZEC Contract Holdings on Hyperliquid Plummet 51.6% from Peak, $145 million Position Preemptively Liquidated

**June 5 Flash Update: Zcash Faces Theoretical Infinite Inflation Risk Over Orchard zk-SNARK Vulnerability** Per Hyperinsight Monitoring (@HyperInsight on Telegram), Zcash is at theoretical risk of infinite inflation due to a flaw in its Orchard zk-SNARK protocol. Negative sentiment around the vulnerability—fueled by its "black box" ambiguity—has finally erupted into public focus after lingering unaddressed. Alongside widespread panic selling, ZEC contract positions on the Hyperliquid platform have plummeted 51.6% from their June 3 peak of ~$371.8 million. Early withdrawals totaled $145 million during the period. Below are position shifts (adjusted from UTC to Beijing Time): - May 29–30 (8:00 AM Beijing): ZEC contract positions stood at ~$223 million. - May 30–June 3 (8:00 AM Beijing): Positions rose to a peak of $371 million, with ZEC prices climbing from ~$530 to $630—marking a simultaneous spike in both price and volume. - June 3–4 (8:00 AM Beijing): Prices stabilized at

"The Largest Long Position on Hyperliquid" is currently facing an unrealized loss of $73.66 million, with the liquidation price for the ETH long position ranging from $1,300 to $1,400.

June 5 update from Ashes Monitor: A large trader dubbed the "Largest Long Position on Hyperliquid" opened a long position of 120,000 ETH at an average entry price of $2,261, worth approximately $271 million. The position is currently underwater by $73.66 million, with its liquidation price set between $1,300 and $1,400. To avoid being liquidated, the trader added an extra $26 million in collateral over the past several days.

「The Buddy」 once again deposited 250,000 USDC into HyperLiquid to leverage 25x long on ETH

June 5: Per monitoring from Onchain Lens, this crypto whale once again deposited 250,000 USDC into HyperLiquid to open a 25x leveraged long position on ETH. His current losses have topped $34.5 million, bringing his total losses since September 2025 to more than $78.35 million.

Hyperliquid's May perpetual contract trading volume accounted for 6.63% of the global CEX market, reaching a new all-time high.

June 4th: Decentralized derivatives platform Hyperliquid hit an all-time high in May for perpetual contract trading volume, with that figure making up 6.63% of total global perpetual contract volume across centralized exchanges (CEXs). The same month, its volume reached 14.4% of Binance’s. Data shows Hyperliquid is expanding beyond the DeFi sector into the wider cryptocurrency derivatives market, going head-to-head with centralized exchanges like Binance, OKX, Bybit, and Bitget. New markets launched in May via the HIP-3 framework contributed over $62 billion in trading volume, driving the platform’s overall growth. Analysts point out that on-chain perpetual contracts are maturing from a niche product to mainstream. With features like low-latency order books, self-custody models, and a more diverse trading landscape, they are starting to exert competitive pressure on traditional centralized exchanges. Industry insiders note Hyperliquid’s ongoing volume growth may push CEXs to optimiz

「Hyperliquid TOP 1 Liquidation」: Trader Evaded Faces $16.3M+ Single Liquidation, Formerly ZEC's Largest Long

On June 4th, Hyperinsight’s monitoring data shows that today’s largest single liquidation on Hyperliquid involved the trader known as Evaded (X: ICanPlug). The whale was liquidated twice in a row after ZEC’s price dropped below $600. A total of 28,590 ZEC long positions were liquidated, valued at roughly $16.3 million, leading to a loss of around $2.26 million. Following full liquidation, the whale opened a new long position: they bought 7,300 ZEC with 10x leverage, bringing the position value to about $4.33 million and setting the liquidation price at $563.3. Wallet address: 0x86523927bffeafe2e532f0218feb1f3c29f6120d ?? HyperInsight Bot is now live! Add @HyperInsightBot to your Telegram group, make it an admin, and enable message sending permissions so it can automatically sync on-chain data for you.

Hyperliquid's largest ETH long position underwater has expanded to $58 million, with a liquidation price of $1506

June 4 — Per Ashes Monitor, Ethereum (ETH) has dipped below $1,800, triggering a roughly $58 million unrealized paper loss for Hyperliquid’s single largest ETH long position holder. The trader opened a 120,000 ETH long position at an average entry price of $2,261. To avoid liquidation, they added $11 million in USDC as collateral over the past 24 hours, lowering their liquidation price from $1,617 to $1,506.

Hyperliquid's largest BTC short seller achieves 21 consecutive wins, closes $93.86 million short position with a profit of $3.32 million

On June 3rd, Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN) reported that the largest BTC short position holder on Hyperliquid—an Ethereum address named "pension-usdt.eth"—has taken profits on its position: it closed a 1,400 BTC short worth ~$93.86 million, netting a $3.32 million profit. Immediately after, the trader opened a 3x leveraged short position on 50,000 ETH, valued at approximately $92.68 million, and currently holding an unrealized profit of ~$1.07 million. This trader now has 21 consecutive winning trades, with total profits exceeding $36 million. Notably, the initial BTC short was opened on April 1st and was not reduced at all over the period. Last night marked the first time this BTC trade flipped from a loss to profit, with an average entry price of ~$69,423; the position had previously topped $100 million in value. The trader's Ethereum address is: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902.

Mainstream Perp DEX Overview: Hyperliquid Volume Hits Near April High at $13.29 Billion

June 3rd, per DefiLlama data, trading activity on the Hyperliquid platform has surged to a new high not seen since February 6, hitting $13.29 billion—driven by active on-chain equities trading and the recent downturn in the broader cryptocurrency market. The platform’s open interest (OI) also reached a new peak since the "10.11 crash," with the proportion of HIP-3 traditional assets now climbing to 31.48%. Below are the latest 24-hour trading volumes and open interest figures for leading Perpetual Decentralized Exchanges (Perp DEXs): - Hyperliquid: ~$13.29 billion in 24-hour trading volume, $10.23 billion in open interest - TradeXYZ: ~$2.39 billion 24h volume, $3.10 billion in OI - Aster: ~$3.89 billion 24h volume, $1.85 billion OI - Lighter: ~$2.29 billion 24h volume, $0.811 billion OI - edgeX: ~$2.21 billion 24h volume, $0.534 billion OI - Pacifica: ~$0.523 billion 24h volume, $88.11 million OI

MRVL Jumps to #2 on Hyperliquid's US Stock Hot List, with Daily Trading Volume Surpassing $300 Million

On June 3, per Hyperinsight Monitoring, during the most recent U.S. stock trading day, contract volume for MRVL (Marvell Technology) on Hyperliquid hit $307 million—making it the largest contract volume for a U.S. stock-related asset outside the Nasdaq 100, and catapulting MRVL into the top ten of total contract volume across both crypto and traditional markets. Its open interest now stands at $130 million. MRVL’s full-day trading on the Nasdaq the prior session came in at $31.54 billion. By that metric, Hyperliquid’s MRVL contract volume amounts to nearly 1% of MRVL’s actual Nasdaq trading, or approximately 0.98%.

Hyperliquid's largest ETH long position's unrealized loss has expanded to $47 million, with a liquidation range of $1617 to $1355.

June 3rd: Per EmberCN monitoring, as ETH dropped to roughly $1,870, Hyperliquid’s largest ETH long position holder opened a 120,000 ETH long position at an average entry price of $2,261, valued at approximately $271 million. The position now carries an unrealized loss of around $47 million. Data shows this position’s liquidation price range is between $1,617 and $1,355. The nearest liquidation level is only about $250 away from the current ETH price, so any further market decline will heighten the liquidation risk of this large position.

OpenSea is considering launching perpetual contract trading, supported by Hyperliquid

Zack Brenner, OpenSea’s Head of Product Marketing, announced on June 2 that the platform will launch perpetual contract (Perp) trading, backed by Hyperliquid.

Hyperliquid Platform RWA Holdings Surpass $3 Billion, Reaching an All-Time High

June 2 – Decentralized trading platform Hyperliquid has announced that its Real World Asset (RWA) holdings have reached a new all-time high (ATH) of $3 billion. Since the rollout of HIP-3 in October 2025, the platform’s RWA reserves have posted consecutive monthly record highs.

Hyperliquid Whale Doubles Down on HYPE Long Position, Cumulative Profit Surpasses $2.29 Million

June 2nd — According to on-chain analytics firm LookOnChain’s monitoring, wallet address 0xc6fe has scored another profitable HYPE long position trade. Four hours ago, the trader closed their prior HYPE long position, locking in an estimated $1.18 million in single-trade profits. Almost immediately after exiting that position, they opened a new long position: going long 268,509 HYPE tokens with 10x leverage, for a total position value of roughly $20.26 million. As of the latest monitoring update, this new position already carries an unrealized gain of around $536,000. This trader has been on a hot streak with HYPE long trades lately: they’ve racked up total accumulated profits of $2.29 million so far, and boast a perfect 100% win rate on all recent HYPE long trades.

The Hyperliquid ETF reports that institutions have withdrawn over 1.136 million HYPE tokens from the exchange and staked them in the past 10 hours, driving HYPE to a new high of $75.8.

June 2nd – On-chain analyst Yin Jin notes that institutional buying and staking of HYPE have driven the token to a new all-time high, peaking at $75.8 this morning. On-chain data shows that over the past 10 hours, at least 1.136 million HYPE tokens (valued roughly $82.42 million) were withdrawn from exchanges and staked by major entities including the Bitwise Hyperliquid ETF (BHYP), a16z, and Galaxy Digital. Specifically: The Bitwise Hyperliquid ETF pulled 336,000 HYPE (≈$24.43 million) from Coinbase for staking; a16z took 300,000 HYPE (≈$21.58 million) from exchanges such as Kraken and OKX; an address starting with 0x279…BA8 withdrew 191,000 HYPE (≈$13.8 million) from Coinbase Prime; another address (0x9C4…6FC) moved 160,000 HYPE (≈$11.71 million) from Coinbase to stake; and Galaxy Digital staked 147,000 HYPE (≈$10.9 million).

Grayscale's Hyperliquid ETF has a management fee of 0.29%, lower than Bitwise and 21Shares

On June 2, Grayscale filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its Grayscale Hyperliquid Staking ETF, setting an annual management fee of 0.29% and assigning it the ticker symbol HYPG. That fee undercuts comparable products from Bitwise and 21Shares: Bitwise’s BHYP Hyperliquid ETF charges 0% for its first month, then rises to 0.34% afterward, while 21Shares’ THYP carries a 0.30% fee. Bloomberg ETF analyst James Seyffart said Grayscale’s Hyperliquid ETF is on the cusp of launching, with expectations it could go live as early as this week. If successful, the fund will be the third Hyperliquid ETF to hit the market. Through last month, cumulative net inflows into HYPE-related ETFs topped $132 million, according to reports.

Mainstream Perp DEX Overview: Hyperliquid's Total Value Locked Surpasses $10 Billion, Reaching a New All-Time High with Traditional Assets Accounting for 29%

**Perp DEX Market Update (June 1)** Per DefiLlama data, the on-chain perpetual decentralized exchange (perp DEX) market saw subdued trading volume over the recent weekend. A combination of surging on-chain equities trading activity and a sharp spike in the HYPE token’s value has driven a continuous rise in Hyperliquid’s total value locked (TVL), pushing its TVL past the $10 billion mark today – marking a new high since the October 11 flash crash. Under HIP-3, the ecosystem’s share of traditional assets now stands at 29.3%. Below are the top perp DEX platforms ranked by 24-hour trading volume, with key metrics: 1. **Hyperliquid (Join here: https://app.hyperliquid.xyz/join/NTOD)**: ~$3.95 billion in 24h trading volume; open interest (OI) of $10.09 billion 2. **TradeXYZ**: ~$430 million in 24h trading volume; OI of $2.84 billion 3. **ApeX**: ~$1.56 billion in 24h trading volume; OI of $128 million 4. **Aster (Refer here: https://www.asterdex.com/zh-CN/referral/aboter)**: ~$1.