「HYPE Whale」 Single-Coin Unrealized Gain Exceeds $22 Million

May 21: According to HTX market data, HYPE is currently trading at $56.2. Hyperliquid’s fully diluted valuation (FDV) has reached $541.07 billion, surpassing Solana’s $540.82 billion FDV.

May 21, data from Coinglass indicates that if Bitcoin breaks above $80,000, the total short liquidations across major centralized crypto exchanges (CEXs) will reach $9.47 billion. In contrast, if Bitcoin falls below $76,000, total long liquidations on these mainstream CEXs will hit $8.99 billion. BlockBeats Clarification: Liquidation charts do not display the exact number of contracts or precise contract values set to be liquidated. The bars on these charts instead represent the relative significance of each liquidation cluster compared to neighboring clusters—this is what the "strength" of liquidations refers to. Put simply, these charts show how much the price will be affected once it reaches a specific level. A taller "liquidation bar" means the price will see a more intense movement driven by a liquidity cascade as soon as that price point is hit.

May 21st, per HTX market data, Bitcoin has rebounded past $78,000, now trading at $78,026, notching a 1.71% 24-hour gain.

On May 21, cryptocurrency custodian Copper is exploring a sale with a $5 billion valuation target, according to sources familiar with the matter. The firm has been actively seeking buyers and has enlisted Wall Street investment bank Cantor Fitzgerald to facilitate the process. Copper’s core asset is its ClearLoop settlement system, which allows parties to settle transactions in a custodial environment via Delivery versus Payment (DvP) — eliminating the need to move assets on-chain and reducing settlement risk. In 2023, Copper shut down its enterprise custody business to focus solely on ClearLoop. Today, the service serves over 1,000 active counterparties and processes more than $500 billion in monthly nominal trading volume.

On May 21, Bitget market data shows the Nikkei 225 Index extended its gains to 2.7%, with SoftBank Group’s stock price surging 15%.

On May 21st, monitoring from Onchain Lens shows that an Anchorage-linked wallet once again withdrew 142,308 HYPE from Gate and OKX, worth approximately $7.38 million. Over the past month, the wallet has purchased a total of 2.527 million HYPE, valued at roughly $14 million—and all of these acquired tokens have been staked.