Hyperliquid (HYPE) — Onchain News & Whale Tracking

Mainstream Perp DEX Overview: Hyperliquid's Open Interest Surges by About 12%, Trading Volume Holds Steady at TOP 1

ASTER's largest long position on Hyperliquid is currently at a floating loss of 1.4 million, with an average entry price of around $0.94.

Per Hyperinsight monitoring (https://t.me/HyperInsight), as of January 14: A whale address starting with 0x6b4 holds two leveraged positions: 1. **5x ASTER long**: - Position size: ~$6.84M - Floating loss: ~$1.46M (76% drawdown) - Liquidation price: $0.621 - Has been in floating loss since opening on November 22, 2025 2. **40x BTC long**: - Position size: ~$21.4M - Floating profit: ~$0.85M - Average entry price: $91,300 ### Notes on American English adaptation: - Used **"per"** (casual, common in financial alerts) instead of "according to"; - Simplified $6.8441M to ~$6.84M (natural for quick alerts); - Added **"drawdown"** (U.S. finance jargon for loss magnitude) to clarify 76%; - Structured bullet points (easy to scan, standard in U.S. crypto/finance updates); - Kept key terms (leverage, liquidation price, entry price) precise (critical for accuracy).

Six Traders on Hyperliquid Liquidated Today for Over $1 Million Loss

Mainstream Perp DEX Overview: Hyperliquid Leads with $7 Billion in Trading Volume, Aster Sees Recent Surge in Volume

As of Jan 13, DefiLlama data shows **Perpetual DEX (Perp DEX)** trading volumes across platforms rebounded sharply from weekend levels over the past 24 hours. - Hyperliquid leads the pack with ~$7.07 billion in 24-hour volume, while Lighter—possibly impacted by ongoing price declines since its launch—has seen a concurrent drop in trading volume recently. - Aster, meanwhile, posted higher volume, securing the second spot. Key metrics for major Perp DEXs (24hr volume, TVL, open interest) are below: | Platform | 24hr Volume | TVL | Open Interest | Link | |----------------|-------------|--------------|---------------|---------------------------------------| | Hyperliquid | ~$7.07B | ~$4.21B | ~$8.23B | [https://app.hyperliquid.xyz/join/NTOD](https://app.hyperliquid.xyz/join/NTOD) | | Aster | ~$5.52B | ~$1.24B | ~$2.61B | [https://www.asterdex.com/en/referral/aboter](https://www.asterd

Weekend Top Perp DEX Overview: All platform volumes remain below $3B, with Hyperliquid holding the top spot

After two years of silence, a whale has deposited $2.64 million into HyperLiquid for the first time and bought HYPE.

On January 9, per monitoring data from Onchain Lens, a cryptocurrency whale dormant for two years first deposited 2.64 million USDC into HyperLiquid, then spent $1.54 million to purchase 59,976 HYPE tokens. The whale currently holds $1.09 million in USDC and has open buy orders to continue accumulating more tokens.

Mainstream Perp DEX Overview: Hyperliquid Leads in Trading Volume, Aster Ranks Second

As of January 9th, DefiLlama data shows heightened trading activity across several Perpetual DEX (Perp DEX) platforms over the past 24 hours. Hyperliquid leads with a 24-hour trading volume of approximately $75.4 billion, but its open interest and Total Value Locked (TVL) have not grown proportionally—signaling cautious market sentiment. Key Perp DEX metrics (24h): - **Hyperliquid** (https://app.hyperliquid.xyz/join/NTOD): ~$75.4B volume | ~$43.3B TVL | ~$90.7B open interest - **Aster** (https://www.asterdex.com/zh-CN/referral/aboter): ~$57.5B volume | ~$12.5B TVL | ~$26.1B open interest - **Lighter** (https://app.lighter.xyz/?referral=70045843): ~$46.6B volume | ~$12.4B TVL | ~$14.2B open interest - **EdgeX**: ~$38.7B volume | ~$3.68B TVL | ~$11.1B open interest - **Variational**: ~$15.9B volume | ~$66.18M TVL | ~$10.9B open interest - **Paradex**: ~$15.7B volume | ~$1.86B TVL | ~$8.34B open interest - **Pacifica** (https://app.pacifica.fi/?referral=pacbot): ~$9.37B v

A whale transferred 8.09 million USDC to Hyperliquid 4 hours ago, planning to buy 59,458 SOL at a price between $133.88 and $135

On January 9, per LookOnChain monitoring data, a crypto whale transferred 8.09 million USDC to Hyperliquid four hours ago and placed a limit order targeting 59,458 SOL (approx. $8 million) at a price range of $133.88 to $135.

A whale deposited 8.09 million U to HyperLiquid to buy 59,458 SOL.

January 9th: Per Onchain Lens monitoring, a whale has transferred 8.09 million USDC to HyperLiquid and placed a limit order to purchase 59,458 SOL, targeting a price range of $133.88 to $135 per SOL (valued at roughly $8 million total). The whale also holds 427,441 HYPE tokens, worth approximately $11.09 million.

Mainstream Perp DEX Overview: Hyperliquid Open Interest Surpasses $9 Billion, Trading Volume Holds Top Spot

### Perp DEX Volume Shifts: Aster Surges to 2nd, Hyperliquid OI Rises (Jan 8, DefiLlama) As of January 8, **DefiLlama data** reveals key trends in the perpetual futures DEX (Perp DEX) space over the past 24 hours: - Aster’s trading volume has **surged**, now ranking 2nd; - Hyperliquid and Lighter have seen **modest dips** in volume; - Hyperliquid’s open interest (OI) has climbed while its Total Value Locked (TVL) remains stable—signaling existing capital is shifting to leveraged positions, with the **long-short positioning battle intensifying**. ### Key Platform Metrics (24h): | Platform | Trading Volume | TVL | Open Interest | |----------------|----------------|--------------|---------------| | Hyperliquid | ~$6.35B | ~$4.3B | ~$9.12B | | Aster | ~$6.44B | ~$1.25B | ~$2.62B | | Lighter | ~$4.58B | ~$1.25B | ~$1.53B | | EdgeX | ~$3.77B | ~$355M | ~$1B

Hyperliquid's legendary trader takes over Meme coin, self-funds "Build" community driving WhiteWhale market cap over $1B

Flare Launches First XRP Spot Market on Hyperliquid, Introduces FXRP/USDC Trading Pair

On January 8, Flare launched the first XRP spot market on Hyperledger, listing FXRP and opening the FXRP/USDC trading pair to enable XRP spot trading on the network’s order book. FXRP is built on Flare’s FAssets system and issued per the LayerZero cross-chain standard, allowing it to bridge back to the XRP Ledger after trading on Hyperledger. Flare noted the move maintains decentralized custody, positions the XRP Ledger as the ultimate settlement layer, expands XRP’s utility in decentralized finance (DeFi), and provides XRP holders with deeper on-chain spot liquidity. (CoinDesk)

A whale deposited 2 million USDC into Hyperliquid and shorted 33.24 million US dollars' worth of BTC.

January 7th: LookOnChain monitoring data shows a crypto whale deposited 2 million USDC into Hyperliquid an hour ago and shorted 358.85 BTC with 40x leverage—valued at approximately $33.24 million.

A whale deposited 15.5 million USDC into Hyperliquid and went long on 90.7 million USD worth of BTC.

On January 7, per LookOnChain data, a whale (0xFB78) deposited 15.5M USDC to Hyperliquid and opened a 20x leveraged long position on 980 BTC—valued at $90.7M.

Mainstream Perp DEX Overview: Hyperliquid's Open Interest Reaches Nearly Two-Month High, With Its Trading Volume Dominating Simultaneously

On January 6th, DefiLlama data shows total trading volume across perpetual DEXs (Perp DEXs) has risen over the past 24 hours, with Hyperliquid leading at $74.9 billion in 24-hour volume. Notably, Hyperliquid’s open interest has hit a nearly two-month high, and its total value locked (TVL) has grown—signaling fresh capital inflows and expanding leveraged positions. Below are key 24-hour metrics for selected Perp DEXs: - **Hyperliquid**: $74.9B volume | $43.2B TVL | $87.3B open interest - **Lighter**: $58.1B volume | $12.7B TVL | $15B open interest - **Aster**: $56.1B volume | $12.6B TVL | $27.3B open interest - **EdgeX**: $43.7B volume | $3.57B TVL | $9.12B open interest - **Variational**: $18.7B volume | $1.14B TVL | $8.82B open interest - **Paradex**: $18B volume | $1.72B TVL | $8.16B open interest - **Pacifica**: $7.04B volume | $43.72M TVL | $81.46M open interest This rewrite aligns with American English conventions: concise, scannable bullet points, standard

A whale has deposited 12.5 million USDC into HyperLiquid to buy 10,152.8 HYPE.

**January 6th Whale Moves (OnchainLens Monitoring):** - Deposited 12.5M USDC into HyperLiquid - Bought 10,152.8 HYPE tokens (valued at $270k) and staked them immediately - Opened a 3,500 ETH (~$11M) long position in the $3,190-$3,215 price range This aligns with U.S. English news style: concise, scannable bullet points, common abbreviations (M/k), and clear attribution to OnchainLens.

A new wallet deposited 5 million USDC into HyperLiquid to go long on LINK and DOGE.

On January 6, Onchain Lens monitoring indicates a newly created wallet deposited 5 million USDC into HyperLiquid, opened 5x long positions on LINK and 10x long positions on DOGE, with a total position value of $28.2 million. Current unrealized losses are approximately $600,000.

Mainstream Perp DEX Overview: Hyperliquid's Open Interest Surges Over $8 Billion, Aster Leads in Trading Volume

**Jan 5 (DefiLlama) — Perpetual DEX Volume Rebounds; Hyperliquid Open Interest Hits 30-Day High** Perpetual decentralized exchange (Perp DEX) total trading volume saw a modest rebound over the past 24 hours, with Aster leading at ~$38.8 billion in 24-hour volume. Concurrently, Hyperliquid’s open interest (OI) continued climbing, rising ~15% week-over-week to a nearly 30-day high — a sign of elevated short-term risk. Key Perp DEX Metrics (24h Volume | TVL | Open Interest): - Aster: ~$38.8B | ~$12.5B | ~$26.3B - Hyperliquid: ~$34.8B | ~$42.3B | ~$81.7B - Lighter: ~$33.9B | ~$12.6B | ~$14B - EdgeX: ~$28.3B | ~$3.58B | ~$8.88B - Paradex: ~$17.8B | ~$1.72B | ~$8.16B - Variational: ~$16.1B | ~$66.18M | ~$8.4B - Pacifica: ~$6.77B | ~$43.11M | ~$77.34M *(Note: All figures from DefiLlama, 24h as of Jan 5)*

Mainstream Perp DEX Roundup: Weekend Trading Volume Sluggish Across Platforms, Hyperliquid Open Interest Up 10% From Last Week

January 4th — Perpetual DEX (Perp DEX) trading volumes were relatively sluggish over the weekend, per DefiLlama data. Hyperliquid topped the list with roughly $30 billion in volume, while its open interest rose ~10% week-over-week; meanwhile, Variational and Paradex volumes continued climbing, now holding 4th and 5th positions, respectively. Below are key 24-hour metrics for select Perp DEXs: - Hyperliquid: ~$30.9B 24h volume | ~$41.8B TVL | $77.7B open interest [Link: https://app.hyperliquid.xyz/join/NTOD] - Lighter: ~$28.7B 24h volume | ~$12.7B TVL | $14B open interest - Aster: ~$25B 24h volume | ~$12.4B TVL | $26B open interest [Link: https://www.asterdex.com/zh-CN/referral/aboter] - Variational: ~$15.3B 24h volume | ~$66.18M TVL | $7.79B open interest - Paradex: ~$14.7B 24h volume | ~$1.7B TVL | $7.99B open interest - EdgeX: ~$13.9B 24h volume | ~$3.59B TVL | $8.03B open interest - Pacifica: ~$6.68B 24h volume | ~$42.89M TVL | $73.88M open interest [Lin

A whale deposited 2.5 million USDC into HyperLiquid and bought into the HYPE starting.

On January 4, per Onchain Lens data, a whale deposited 2.5 million USDC into HyperLiquid and began purchasing HYPE—their first such activity in over 5 months. So far, the whale has spent $1.73M to acquire 69,975 HYPE, leaving 765,619 USDC remaining in the account.

A whale address deposited 5.5 million U to Hyperliquid to leverage up an Ethereum short position, with the short size reaching $68 million

On January 3, Onchain Lens monitoring data reveals that a whale address starting with 0x218A deposited 5.5 million USDC into Hyperliquid to boost its Ethereum short position via 10x leverage and collateral. The position is currently valued at $68 million, holding 21,820.69 ETH, with a liquidation price of $3,565.94.

Hyperliquid December Revenue Surpasses $60 Million, Down 32.4% Month-over-Month

Per DefiLlama data as of January 2nd, Hyperliquid’s December revenue totaled $61.24 million—down 32.4% from November’s $90.60 million.

An address deposited 8 million USDC into HyperLiquid to open multiple long positions.

January 1st: Per Onchain Lens monitoring, a wallet deposited 8 million USDC into HyperLiquid and opened multiple long positions—10x leverage on XPL and PUMP, 5x on MON, and 3x on VVV, STBL, STABLE, IP, HEMI, GRIFFAIN, MAVIA, and AIXBT.

A whale address deposited 2.06 million U into HyperLiquid for 20x long on BTC, ETH, and SOL.

January 1 – Per Onchain Lens monitoring, a new wallet tied to Jez (@aerobatic) deposited 2.06 million USDC into HyperLiquid and opened 20x-leveraged long positions on BTC, ETH, and SOL.

Mainstream Perp DEX Overview: Platform Trading Volume Up from Yesterday, Hyperliquid Leads in Trading Activity

A whale deposited 4.35 million USDC into HyperLiquid, shorting LIT with 1x leverage.

On December 30, data from Onchain Lens shows a crypto whale deposited 4.35 million USDC into HyperLiquid and opened a 1x leveraged short position on LIT, with an average entry price of $2.74. The position currently faces an unrealized loss of $200,000. Notably, the same whale holds leveraged short positions on Lighter: 10x on XMR, 5x on ASTER and MEET, and 3x on HYPE, USELESS, and STBL. These positions are in floating profit of $1.6 million.

A whale deposited 1x short LIT position, becoming the top bear on LIT on Hyperliquid

December 30th — Per on-chain analyst Ai Auntie (@ai_9684xtpa), a whale has deposited 4.35 million USDC into Hyperliquid, opened a 1x short position of 1,110,677 LIT tokens with an average entry price of $2.74, and currently holds an unrealized loss of $25,000.

A whale went long on LIT with 1x leverage in a HyperLiquid pre-market trade, currently sitting on an unrealized loss of over $652,000.

On December 30, Onchain Lens monitoring shows that as LIT’s Token Generation Event (TGE) approaches, a whale has participated in pre-trading on HyperLiquid, taking a 1x leverage long position on LIT. The current floating loss has topped $652,000.

A whale deposited 2 million USDC into Hyperliquid to short 2x ZEC

December 29: A whale with the ENS domain neoyokio.eth deposited 2 million USDC into Hyperliquid and initiated a double short position on ZEC 30 minutes ago, per data from Onchain Lens.

Hyperliquid Vesting Team Token Unlock Schedule: 1.2M HYPE to be unlocked on January 6th

On December 28, Hyperliquid announced on Discord its team token unlock schedule: 1.2 million HYPE will unlock on January 6, with monthly unlocks on the 6th going forward.

Hyperliquid 2025 full-year net inflows of $38.7 billion, with a trading volume of nearly $30 trillion

December 26: Crypto research firm ASXN released Hyperliquid’s 2025 operational metrics, highlighting key figures: - Annual net fund inflows hit $38.7 billion; 609,662 new users added. - Total 2025 trading volume topped $2.95 trillion, with averages of $83.4 billion daily, $3.47 billion hourly, and $5.79 million per minute. - Order execution volume set a record: 198.9 billion total transactions (including 1.743 trillion perpetual contracts, 226 billion spot trades, ~19 billion HIP-3s), averaging 562 million daily, 23.4 million hourly, ~390,000 per minute. Amid growing momentum in the DEX derivatives sector, Hyperliquid’s fund inflows and trading activity underscore its strong appeal in high-frequency and perpetual contract markets.

Hyperliquid Short Squeeze Underway: BTC Long Whale Cools Off by Nearly 50%, ETH Short Interest Doubles Longs

December 26th — Per HyperInsight monitoring, whale long positions on BTC and ETH have seen a sharp reduction on Hyperliquid recently. Currently, BTC whale long/short strength is evenly matched, with ~122 long positions vs. ~116 short positions. For ETH, short positions are twice the number of longs: ~58 longs vs. ~113 shorts. Compared to October 14th data, BTC whale long positions have dropped nearly 50% in roughly two months (from 234 to current levels). BTC short positions at that time were ~125, with relatively limited change. Key whale details from monitoring: - Largest BTC short whale (address 0x50b): Avg entry ~$88,200, liquidation ~$94,100, position size ~$76.44M. - Largest ETH short whale (dubbed the "20 Million Range Hunter"): Avg entry ~$3,129, liquidation ~$3,796, position size ~$70.23M.

Hyperliquid Foundation has announced the permanent burn of 11.068% of the circulating HYPE token supply

On December 26, the Hyperliquid Foundation announced that HYPE tokens held in the Reserve Fund System address have been officially burned, representing 11.068% of the circulating supply. The associated governance vote utilized a consensus mechanism weighted by staked votes, with results showing 85% of staked votes in favor of the burn, 7% opposed, and 8% abstaining.

FOGO on Hyperliquid Surges 550%, New Address Makes Around $500,000 Profit in Half an Hour

December 25th – MLM Monitor reports a ~$1.49 million pre-market short position on FOGO was liquidated in 15 minutes on Hyperliquid, as the token surged 550%. This chain liquidation triggered an Auto-Deleveraging (ADL) event for a long-position wallet, locking in ~$500k in profit in under 30 minutes. Notably, the wallet opened its long via TWAP just 7 hours prior and uses a newly created address. Address link: https://hypurrscan.io/address/0xb2f42334fffc3947b4c79c7e3dc3d387d391f148 The largest single liquidation hit a wallet that kept adding to its FOGO short during the process (fueling further momentum). The system liquidated the wallet’s isolated short position in 10 minutes, resulting in a ~$100k USDC loss on a $224k nominal-value position. Address link: https://hypurrscan.io/address/0x4013eb7da81902a556146861dc50e9c0f515238d

Suspected entity longing TST on Hyperliquid, with a position size of 42.3%

On December 24th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that three addresses have deposited 2.47 million USDC as collateral into Hyperliquid over the past 24 hours. Together, they opened 1.69 million TST long positions worth $1.69 million—accounting for 42.3% of Hyperliquid’s total TST Open Interest and holding the top three long positions on the platform. The three addresses are likely linked to the same entity, per three key observations: 1. All exhibited identical behavior: transferring BTCB out of Gate, depositing it to Aster, then withdrawing USDT; 2. Their collaterals were all withdrawn from Gate or OKX in the past 24 hours, with direct deposits to Hyperliquid post-withdrawal; 3. The TST long positions are currently their only holdings on Hyperliquid. Notably, one of the addresses—0x48c…bc9d0—previously opened a TST long position in early December and netted a $31,000 profit.

Mainstream Perp DEX Overview: Platforms See Mild Rebound in Trading Volume from Weekend Lows, with Hyperliquid Emerging on Top

December 23rd, per DefiLlama data, liquidity has softened—likely tied to the approaching Christmas holiday. Over the past 24 hours, trading volume across major perpetual contract DEXs has seen only a modest rebound from weekend lows. Hyperliquid currently leads, followed by Lighter and Aster. Here’s a breakdown of key Perp DEX metrics: - **Hyperliquid**: ~$61.8B 24h volume, ~$41.2B TVL, $73.5B open interest [Link: https://app.hyperliquid.xyz/join/NTOD] - **Lighter**: ~$58.1B 24h volume, ~$14.1B TVL, $16B open interest - **Aster**: ~$51.1B 24h volume, ~$12.8B TVL, $24.1B open interest [Link: https://www.asterdex.com/en-US/referral/aboter] - **EdgeX**: ~$29.9B 24h volume, ~$3.68B TVL, $7.58B open interest - **ApeX**: ~$19.1B 24h volume, ~$46.64M TVL, $1.97B open interest - **Backpack**: ~$13B 24h volume, TVL undisclosed, $2.26B open interest - **Variational**: ~$9.6B 24h volume, ~$66.18M TVL, $4.9B open interest - **Pacifica**: ~$5.89B 24h volume, ~$41.73M TVL, $

Contract Whale pension-usdt.eth conducted intraday ETH contract scalping, still among the largest ETH long positions on Hyperliquid

Dec 23 — On-chain analyst Auntie Ai (@ai_9684xtpa) reports that address **pension-usdt.eth** closed 5,180.87 ETH (netting ~$230k in profits) 5 hours ago, exiting positions in the $3002.6–$3019 range. In the past hour, the address has re-established a **30,000 ETH long position** — now ranking among the top 3 long addresses on Hyperliquid. This completes a swing trade: the address exited at ~$3003–$3019 and re-entered at ~$2954–$2964. As of now, the position totals $88.9M in value, with an average entry price of $2,967.88, an unrealized loss of $128k, and an overall account profit of $25.13M.

AAVE's continued decline led to multiple liquidations of long positions on Hyperliquid, with the founder "self-funding a market rescue" now facing a $2 million unrealized loss.

December 23 — Per monitoring from HyperInsight (via its Telegram channel), a leading long whale address (0x074) on Hyperliquid has been liquidated multiple times and fully wiped out over the past 15 hours, driven by AAVE’s continuous decline yesterday and this morning. The short-term liquidation volume totals approximately $1.19 million. This long position was opened on November 16 at an average price of $189. On-chain analyst Yu Jin reported that Aave founder Stani Kulechov once again bought the dip in AAVE tokens this morning. Earlier today, Stani withdrew 1,699 ETH (worth roughly $5.17 million) from Kraken and purchased 32,658 AAVE at an average price of around $158. Notably, this marks Stani’s second recent dip buy. He began accumulating AAVE on December 16, when governance tensions escalated between the Aave development team and the community DAO. Statistics show that since the start of this governance dispute, Stani has spent a cumulative 5,000 ETH (≈$14.84 million) to buy

There is a spread between the Pacifica and Hyperliquid LIT perpetual contracts in the pre-market, and both funding rates are inverse.

December 23rd — Official website data from Pacifica and Hyperliquid shows pre-market perpetual contracts for Lighter (LIT) are trading with price and funding rate discrepancies across the two platforms, prompting some traders to pursue arbitrage hedging. Currently, LIT trades at ~$3.94 on Pacifica, with a -0.0134% funding rate (shorts pay longs). On Hyperliquid, the token is priced ~$4.05, with a +0.0013% rate (longs pay shorts). The price gap is roughly 1%, and their funding rate directions are opposite. Earlier today, Hyperliquid launched LIT (Lighter) USDC perpetual contracts, supporting up to 3x leverage. On-chain data analysis and copy trading tool Coinbob has rolled out Coinbob Pacifica (@CoinbobPAC_bot), letting users copy high-frequency traders’ strategies, earn trading points, and gear up for potential airdrop opportunities.

「Former Hyperliquid Employee」 has fully closed their HYPE short position and now holds only $2.43 million in spot positions in their account.

**December 23 Update** Data from Coinbob Popular Address Monitor shows the address linked to the "former Hyperliquid employee" (0x7ae) has fully closed its HYPE short position for a minor loss in the past hour. The position was previously held at an average price of ~$24.17, with a size of roughly $24,000. Additionally, the address has steadily cut its HYPE spot holdings since the start of this month—dropping from $5.85 million to $2.43 million, a total reduction of over 70,000 tokens. Current holdings stand at ~98,200 tokens, resulting in a monthly loss of $1.53 million. The address first drew attention for shorting HYPE and its ties to the Hyperliquid team. Per today’s Hyperliquid announcement, the address belongs to a former employee terminated in Q1 2024, who has since fully disassociated from Hyperliquid Labs. Their actions do not reflect the team’s standards or values.

Hyperliquid singles out Lighter as a direct competitor, with a former employee accused of being involved in the HYPE shorting incident

**Hyperliquid Names Lighter as Direct Competitor; Addresses HYPE Insider Shorting Concerns** On December 23, Hyperliquid said in an official announcement it identifies Lighter as a direct competitor alongside Binance and Aster. The platform noted those three are operated by centralized orderers to manage transaction states, highlighting its own architectural edge: fully on-chain, run by 24 validators, and no hidden state. Lighter, meanwhile, centers on “verifiable execution” and a proof mechanism, offering auditability for its CLOB-style transaction structure. Competition between the two in decentralized trading infrastructure is ramping up. Separately, Hyperliquid addressed community concerns over a suspected insider shorting incident tied to its HYPE token. It stated the linked wallet belonged to a former employee fired in early 2024, whose actions had no connection to the team. The platform stressed strict internal HYPE transaction and compliance restrictions apply to emplo

Hyperliquid announces the addition of LIT contract trading.

Per official sources, Hyperliquid has launched a new LIT/USDC perpetual contract that offers up to 3x leverage, effective December 22.

Hyperliquid ecosystem Kinetiq has completed its HIP-3 decentralized exchange platform registration

December 22 According to MLM Monitor, Kinetiq— the decentralized derivatives platform built on the Hyperliquid ecosystem (branded as Markets by Kinetiq)— completed its HIP-3 decentralized exchange (DEX) registration roughly two hours ago. It is now the 5th HIP-3 DEX deployed on Hyperliquid’s mainnet. Current available markets include: - US500 (S&P 500 Index, up to 10x leverage) - BABA (Alibaba Group, up to 10x leverage) - EUR/USD (Euro vs. U.S. Dollar, up to 50x leverage)

Hyperliquid Clarifies False Accusations: Platform's Status Transparent and Verifiable, Progressive Decentralization Will Ultimately Be Fully Open Source

On December 22, Hyperliquid issued a clarification addressing a recent article that leveled unfounded accusations against the platform. The article alleged issues with Hyperliquid’s solvency, integrity, and transparency; the protocol responded to 10 specific claims as follows: 1. **$3.62B under-collateralization**: False. The article’s author overlooked HyperEVM USDC (parallel to the Arbitrum bridge). Current total USDC holdings: $43.51B. 2. **Transaction volume manipulation via TestnetSetYesterdayUserVlm**: False. This is a testnet-only feature and cannot be invoked on mainnet. 3. **Privileged users (fee waivers, airdrop manipulation)**: False. All fees, balances, and transactions are on-chain visible; no distortion mechanisms exist. 4. **CoreWriter “God Mode” (minting, fund transfers)**: False. This refers to how HyperEVM smart contracts send operations to HyperCore—no such privileged access exists. 5. **Governance freezing the chain (no undo)**: Misunderstanding. Freezing

「Hyperliquid Former Employee」 Sold Over $3.3M Worth of HYPE Spot This Month, Incurred a $1.43M Monthly Loss

On December 22nd, data from Coinbob Popular Address Monitor shows the address linked to a former Hyperliquid employee (0x7ae) has been consistently selling HYPE spot tokens since this month. The address cut its HYPE holdings from $5.85 million to $2.48 million, a total reduction of over 70,000 tokens. It currently holds ~98,200 HYPE tokens. Amid HYPE’s price decline, the address has incurred a $1.43 million monthly loss, with ~$4.2 million remaining in its account. Additionally, it holds a small HYPE short position with an average entry price of $24.17—facing an unrealized loss of 43.5% and a position size of ~$25,800. The address first gained attention for shorting HYPE and its ties to the Hyperliquid team. In a recent post today, the Hyperliquid team stated the address belongs to a former employee dismissed in Q1 2024, who is now fully disassociated from Hyperliquid Labs. The team clarified the individual’s actions do not reflect the team’s standards or values.

Two Whales Deposit 5 Million USDC into Hyperliquid to Boost HYPE

As of December 22, LookOnChain monitoring data shows two whales have deposited a combined 5 million USDC into Hyperliquid over the past two hours to increase their HYPE holdings. Address 0xDAeF currently holds 214,497 HYPE tokens (worth approximately $5.44 million) and still has 5.52 million USDC available for additional purchases. Address 0x3300 holds 102,460 HYPE tokens (valued at roughly $2.61 million) with 2.45 million USDC remaining for subsequent buys.

HyperLiquid Team Clarification: The address shorting HYPE belongs to a former employee who was dismissed in 2024 and does not represent HyperLiquid

On December 22, a HyperLiquid team member issued a clarification on Discord regarding the community’s discovery of HYPE shorting linked to a former HyperLiquid team address. The team stated: “This address belongs to a former employee dismissed in Q1 2024, who currently has no affiliation with HyperLiquid Labs. Their actions do not reflect our team’s standards or values.”

Hyperliquid saw a fund outflow of over $430 million this week, marking the third largest single-week net outflow on record.

The Block reported on December 19th, citing Dune Analytics data, that Hyperliquid has seen over $430 million in outflows this week—marking the third-largest outflow in the platform’s history. The protocol’s Total Value Locked (TVL) has fallen from over $6 billion in mid-September to roughly $4 billion. Meanwhile, its native token HYPE has dropped nearly 20% amid a broad market downturn over the past week. While on-chain data doesn’t necessarily reveal traders’ specific motives, competition among decentralized perpetual contract platforms may have driven fund rotation. During these outflows, rivals like Lighter and Aster have surged in DEX perpetual contract trading volume rankings this year, chipping away at Hyperliquid’s dominance in the space.

A certain whale briefly added around $78.6 million to a BTC short position, now the largest BTC short on Hyperliquid

December 19 — HyperInsight monitoring shows that over the past hour, a whale with an address starting with 0xa8 has continued to add leverage to its 40x leveraged BTC short position. As of press time, it has increased its position by roughly $78.61 million, bringing the current position size to approximately $94.08 million. The average entry price is $87,200, the liquidation price is $89,400, and unrealized profit stands at $360,000 (11%). Additionally, the address has set a limit stop-loss order in the $88,000–$88,300 range and a limit take-profit order in the $79,000–$83,000 range. Since opening the BTC short position on December 8, the address has closed and rolled over the position multiple times, realizing nearly $3 million in profits from this trade. Currently, its position size has exceeded that of the "BTC OG Insider Whale"’s BTC long position, making it the largest BTC short position on Hyperliquid.

A whale on Hyperliquid front-ran UNI, currently boasting a floating APY of over 50%

December 18th — Per HyperInsight monitoring, UNI surged 10% in the short term likely driven by Binance’s addition of the token to its dual-coin investment product, last trading at $5.28. A Hyperliquid whale address beginning with 0x413c holds unrealized gains exceeding 50%. Its current position, worth ~$1.18 million, has an average entry price of $4.99. The address opened a 10x leveraged UNI long position at midnight yesterday and has been adding to it as recently as 4 hours ago. Additionally, the largest UNI short position held by the “Shanzhai Short Army Vanguard” was cut by over 30% at 1 PM yesterday. The position now stands at ~$3.38 million, with unrealized gains of $1.39 million (410%).