Hyperliquid (HYPE) — Onchain News & Whale Tracking

The largest ENA holding address on Hyperliquid has a long position of over 5x, currently showing a unrealized gain of $3.1 million.

On September 6th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), due to the Ethena Foundation's buyback plan, ENA witnessed a price increase of more than 13% in the past 24 hours. The largest holder on Hyperliquid ENA, with the address 0x6b7...c5e9c, has a long position that is more than 5 times and has a realized profit of $3.107 million. This address has been holding a long position in ENA since July 29th. Currently, it holds 49.18 million tokens (approximately $36.63 million) with an average entry price of $0.6804. BlockBeats previously reported that Ethena announced early this morning a $530 million additional "StablecoinX" PIPE transaction, and the foundation launched a new $310 million open market buyback plan.

An address deposited 14.53 million U to open a 2x SOL long position on Hyperliquid.

On September 6th, as per the monitoring of LookOnChain, a whale address beginning with 0x560C deposited 14.53 million USDC into Hyperliquid 5 hours ago and initiated a 2x long position in SOL. The position size is 143,126 SOL and the position value is $29 million.

A newly created address deposited 3 million U to open a 20x ETH long position on Hyperliquid.

Update, September 6th. According to the monitoring of Onchain Lens, a newly created wallet address deposited 3 million USDC into Hyperliquid and opened a 20x leveraged long position in ETH. The specific data is as follows: · Position Size: 7174 ETH · Position Value: $30.8 million · Entry Price: $4292 · Liquidation Price: $3954

A whale deposited 5 million USDC into Hyperliquid, opened a 3x leverage position, and went long on HYPE.

Hyperliquid will issue the stablecoin USDH

On September 5th, according to market rumors, Hyperliquid is going to issue the USDH stablecoin. (A link to the relevant join page might be provided if applicable, such as https://app.hyperliquid.xyz/join/NTOD, but it is not necessary to repeat the link in the rewritten text if the main focus is on the event of the stablecoin issuance.)

A whale deposited 2.43 million USDC into HyperLiquid, went long with 3x leverage, and pumped the price.

A whale has deposited 3,000,000 USDC to Hyperliquid, opening a 20x leveraged long position on BTC and ETH.

Pump.fun has achieved a 24-hour fee revenue of $2.55 million, surpassing Hyperliquid.

On September 4th, based on Defillama data, Solana's ecosystem token issuance platform Pump.fun has achieved a 24-hour fee income of $2.55 million, which exceeds Hyperliquid (with an income of $2.21 million) and ranks third overall.

A whale deposited 3.25 million USDC into Hyperliquid and shorted ETH with 25x leverage.

On September 3rd, based on LookOnChain's monitoring, a whale deposited 3.25 million USDC into Hyperliquid and employed 25x leverage to take a short position on ETH. The address's position is 3,000 ETH (valued at approximately $12.98 million), and the liquidation price is $5,291.9.

Hyperliquid's August Monthly Revenue Exceeds $100 Million, Setting a Historic Record

On September 2nd, according to the data from DefiLlama, the August revenue of Hyperliquid reached $106 million, hitting a monthly all-time high, which is a 23% increase from the $86.6 million in July. This is attributed to the nearly $400 billion perpetual contract trading volume of the platform in August.

Market Movement Warning Sign? Hyperliquid Whale Activity Intensifies, with Single-day Large Transactions Exceeding 100 Million USDC

Hyperliquid's August Revenue Surpasses $100 Million, Setting a New All-Time High

On September 2nd, according to DefiLlama data, Hyperliquid's revenue in August reached $1.0641 billion, reaching a new high. Meanwhile, its annualized revenue came to $12.51 billion, and the platform's total accumulated revenue has reached $5.1208 billion. BlockBeats Note: Annualized revenue refers to a method of converting the revenue data for a current period of time into an estimated annual revenue.

A whale deposited 3,158,000 USDC into Hyperliquid to short HYPE with 1x leverage.

The WLFI pre-market contract on Hyperliquid has been converted to a regular contract, now supporting up to 5x leverage.

On September 1st, as per official information, the WLFI perpetual contract on Hyperliquid has been transformed into a standard contract, which is capable of supporting up to 5 times leverage.

A whale deposited 1,998,000 USDC to HyperLiquid to open a 1x leverage WLFI long position

On September 1st, as monitored by Onchain Lens, a whale address deposited 1.998 million USDC into HyperLiquid and initiated a leveraged long position on WLFI with a leverage ratio of 1x.

A whale address has deposited 10.18 million U into Hyperliquid to short WLFI with 3x leverage.

On September 1st, as per the monitoring of LookOnChain, Whale 0xA2f2 transferred 10.18 million USDC into Hyperliquid and took a short position in WLFI with a leverage of 3x. Currently, it is holding 6.84 million WLFI (valued at $1.9 million).

A whale deposited 10.19 million USDC into Hyperliquid and shorted WLFI with 3x leverage

Hyperliquid Launches LINEA U Perpetual Swap Contract with Up to 3x Leverage

On September 1st, according to the official website, Hyperliquid has launched the LINEA/USDC perpetual contract, with a maximum leverage of 3x.

A whale has deposited 1 million USDC into Hyperliquid to short BTC with 20x leverage.

Hyperliquid Whale Intensive Rebalancing, Over $66 Million USDC Large Transaction in 24 Hours

The high-profile ETH to BTC whale has once again deposited 1000 BTC into HyperLiquid to increase their ETH holdings.

On September 1st, as monitored by Onchain Lens, the BTC ancient whale that had previously made a high-profile switch from ETH deposited another 1000 BTC into HyperLiquid 10 minutes ago in order to increase their ETH holdings. Yesterday, the whale deposited 4000 BTC into HyperLiquid (approximately $435.3 million) and sold it to obtain 96,859 ETH.

Hyperliquid High-Profit Whale closes SOL and ETH short positions, goes long with 6590 ETH in a flip trade

On September 1st, as per the monitoring of LookOnChain, beginning with a mere $1.02 million, trader 0x044d has managed to increase his account on Hyperliquid to $26.07 million, achieving a net profit of more than $25 million. Just 3 hours ago, he closed out a $17.68 million short position in SOL and a $35.45 million short position in ETH, generating a profit of $1.06 million. Subsequently, he promptly went long and opened a new long position of 6590 ETH ($28.9 million) with a leverage of 20x.

A certain new wallet deposited $1 million into HyperLiquid and shorted ETH with 25x leverage.

On August 31st, as per the monitoring of Onchain Lens, a newly established wallet withdrew 2 million USDC from Binance and transferred 1 million US dollars into HyperLiquid for shorting ETH with a leverage of 25x. The whale still has 1 million USDC in the blockchain and may utilize it for margin or expand their short position.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

On August 27th, Hyperliquid's official announcement on the Discord channel stated that today, the XPL market witnessed significant volatility. The token price surged by approximately 2.5 times within a few minutes. During this period, the Hyperliquid blockchain operated normally as designed and there were no technical issues. Firstly, it carried out liquidations based on the order book, and then triggered the automatic deleveraging (ADL) mechanism in accordance with the public protocol. Hyperp adopts a fully isolated margin system where the PnL of all users is isolated from other asset positions. This liquidation and ADL only affected XPL positions, and the protocol did not incur any bad debts. The pre-market itself is unpredictable. The robust mark price formula used by Hyperp effectively prevents instantaneous price spikes. It requires the order book price to maintain a high level for several minutes before triggering liquidation. Hyperliquid is a permissionless multi-market protoc

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

August 27th. According to on-chain analyst Ai Auntie (@ai_9684xtpa), as Hyperliquid's XPL witnessed a short-term upward surge once again. This morning, the main operation address 0xb9c...6801e, which the sniper hedged and earned more than 16 million US dollars. Its unrealized gains reached 2.63 million US dollars. Currently, the address still holds a 10.7 million US dollar 1x long position (with 13.68 million XPL held), and the entry price is $0.5901. When XPL just touched $0.99 earlier, the unrealized gains of this address once reached as high as 5.47 million US dollars.

XPL on Hyperliquid Surges Again, Reaching $1

On August 27th, based on market data, XPL (Perpetual Contract) on Hyperliquid once more rose to reach $1 and is currently trading at $0.73. It still maintains a significant premium compared to trading on mainstream CEXs (priced at $0.57 on Binance).

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

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