Hyperliquid (HYPE) — Onchain News & Whale Tracking

Trader 0x6051, who made over $1.4M on Hyperliquid, spent 20,000 $USDC to buy 494,558 $EDEL today.

Trader 0x6051, who made over $1.4M on Hyperliquid, spent 20,000 $USDC to buy 494,558 $EDEL today.

Hyperliquid will introduce Portfolio Margin

December 12. Hyperliquid announced today that its upcoming network upgrade will roll out the Portfolio Margin feature, which is already live in pre-alpha on the testnet. In Portfolio Margin mode, margin requirements for spot and perpetual contract trading are fully unified, significantly boosting capital efficiency. Additionally, Portfolio Margin accounts automatically earn interest on all idle borrowable assets. All HIP-3 DEXes are part of the Portfolio Margin calculation, though not all collateral assets from HIP-3 DEXes are eligible to be borrowed. Down the line, new asset classes on HyperCore and derivative primitives will also support Portfolio Margin. Users can provide liquidity using eligible quote assets to earn rewards. Official Note: Portfolio Margin will initially launch in pre-alpha with an extremely low total borrowable asset cap. Users are advised to test using a new account or sub-account with less than $1,000 in assets. If the cap is hit, the account will aut

「Top ZEC Short on Hyperliquid」 Continues to Add to ETH and ZEC Shorts, with Total Short Position of Nearly $120 Million

December 12 — According to monitoring data from HyperInsight (via its Telegram channel @HyperInsight), the largest ZEC short position holder on Hyperliquid has continued to add to short positions in ZEC and ETH over the past two hours. The account has injected roughly $13 million in additional capital today. As of now: - ETH short position: ~$79.53 million, with an unrealized gain of $5.49 million (103% return) and an average entry price of $3,470. - ZEC short position: ~$24.30 million, with an unrealized loss of $3.47 million (-71% drawdown) and an average entry price of $388. Additionally, the account is currently the largest short holder for ZEC and MON on Hyperliquid, and the second-largest for ETH. Its MON short position has also seen a notable recent increase, now totaling $9.90 million with an average entry price lowered to $0.0327. The account’s main profits currently come from its ETH short, with total short position size across all assets at ~$118 million. This a

Sunrise CEO: Successfully Launched MON, with Trading Volume in the past 24 hours surpassing Hyperliquid and various CEXs

On December 11th at the Solana Breakpoint Conference, Sunrise CEO Saeed noted that the first asset listed by Sunrise on Solana is the MON token. This non-native token—originally not issued on Solana—was integrated into the Solana ecosystem on day one, even its first minute of launch. It competes not only with all other on-chain exchanges but also major centralized exchanges (CEXs). Within 24 hours of listing, MON’s trading volume outpaced well-known platforms including Hyperliquid, KuCoin, Kraken, Coinbase, Bybit, Bitget, and Gate—some of which boast user bases exceeding 1 million. Most impressively, it offers tighter spreads than these established CEXs, higher trading volume, and all this is backed by Solana’s native ecosystem user base.

Mainstream Perp DEX Overview: Lighter Takes Top Spot, Hyperliquid Leads with $8.2 Billion in Trading Volume

As of December 11th, DefiLlama data shows 24-hour trading volumes across Perpetual DEX (Perp DEX) platforms have broadly cooled in the past day. Hyperliquid has remained relatively resilient, leading in trading volume, while open interest and TVL (total value locked) across the sector have seen minimal overall shifts. Key 24-hour metrics for select Perp DEXs are below: - **Hyperliquid**: ~$82.7B 24h volume | ~$44.6B TVL | $68.5B open interest [Referral link: https://app.hyperliquid.xyz/join/NTOD] - **Lighter**: ~$70.8B 24h volume | ~$14B TVL | $17.9B open interest - **Aster**: ~$66.3B 24h volume | ~$13.6B TVL | $26.9B open interest [Referral link: https://www.asterdex.com/zh-CN/referral/aboter] - **EdgeX**: ~$49.5B 24h volume | ~$4.06B TVL | $8.3B open interest - **ApeX**: ~$32.4B 24h volume | ~$47.08M TVL | $90.9M open interest - **Backpack**: ~$14.6B 24h volume | TVL undisclosed | $2.03B open interest - **Variational**: ~$10.3B 24h volume | ~$66.18M TVL |

「Buddy」 further deposited 254.7k U to Hyperliquid to continue longing ETH

Mainstream Perp DEX Overview: Hyperliquid and Aster Experience Over 30% Trading Volume Surge, Increased Liquidity Mining Activity

December 10 – Per DefiLlama data, major Perpetual Futures DEX (Perp DEX) platforms recorded **increased 24-hour trading volumes**, a slight rebound in open interest, and minimal TVL changes over the past day. This signals active capital flows across platforms and rising leverage usage. Key platform metrics (24h): - **Lighter**: Volume ~$88.3B | TVL ~$13.9B | Open Interest ~$17.3B - **Hyperliquid** (https://app.hyperliquid.xyz/join/NTOD): Volume ~$85.2B | TVL ~$44.6B | Open Interest ~$67.9B - **Aster** (https://www.asterdex.com/zh-CN/referral/aboter): Volume ~$76B | TVL ~$13.8B | Open Interest ~$27.2B - **EdgeX**: Volume ~$61.3B | TVL ~$4.01B | Open Interest ~$8.31B - **ApeX**: Volume ~$32.9B | TVL ~$47.27M | Open Interest ~$93.03M - **Backpack**: Volume ~$12.1B | TVL Undisclosed | Open Interest ~$2.04B - **Variational**: Volume ~$10.3B | TVL ~$72.86M | Open Interest ~$32B - **Pacifica** (https://app.pacifica.fi/?referral=pacbot): Volume ~$7.12B | TVL ~$42.45M | Open

Hyperliquid Co-founder: ADL will not transfer PnL to HLP, its treatment towards users and HLP is fully symmetric

On December 10, Hyperliquid co-founder Jeff published a post pushing back against claims that the platform’s Auto-Deleveraging (ADL) mechanism transfers profit and loss (P&L) to Hyperliquidity Providers (HLP). Jeff stated ADL does not shift P&L to HLP, treats users and HLP entirely symmetrically, and does not erase the $653 million in profits. On November 28, Hyperliquid activated its Cross-Margin Auto-Deleveraging (ADL) liquidation system across all major perpetual contract markets. The move aims to ensure orderly market operation during periods of extreme volatility—especially when liquidity is tight or large positions are near liquidation. ADL acts as a backup liquidation tool when the insurance fund cannot fully absorb losses from a liquidated position. In such cases, positions of high-leverage traders with large unrealized profits may be partially or fully deleveraged to cover the funding gap. Hyperliquid stresses ADL only triggers under special circumstances, designed to preve

Viewpoint: Hyperliquid's biggest moat is its Tokenomics, with a 30% token airdrop and a community-friendly low-price TGE.

On December 9, cryptocurrency analyst pickle highlighted that Hyperliquid’s biggest competitive moat stems from its tokenomics. Rivals like Lighter and other perpetual futures DEXs (Perp DEXs) can match its premium UX/UI, and even mask fees through "payment order flow"—which creates the appearance of lower costs—to attract and retain liquidity. Yet Hyperliquid’s tokenomics stand out: it hasn’t allowed venture capitalists (VCs) to secure massive token stakes at steep discounts, only to offload them for outsized profits later. This advantage is uncopyable. Most notably, its 30% token allocation for an airdrop—enabling the community to enter at low prices ahead of a subsequent uptrend— is a strategy no competitor can replicate. Per market data, the HYPE token has fallen to its lowest point since May 21, currently trading at $27.7, with a 9.1% drop in the past 24 hours.

「Largest ZEC Short Position on Hyperliquid」 previously underwent a significant position rollover, and is now once again in unrealized losses.

On December 9, per monitoring from HyperInsight, the ZEC short position of Hyperliquid’s largest ZEC short holder has once again moved into unrealized losses over the past 15 hours—driven by ZEC’s ongoing price surge. The address partially closed out its ZEC short position, incurring a roughly $1.24 million loss. Its current position size stands at ~$25.7 million, with a liquidation price of $886 and an unrealized loss of $1.4 million (-27%). Monitoring shows the address has continuously added over $11 million to its ZEC short since December 5, lowering its average entry price from $412 to $387. Additionally, the address has significantly expanded its ZEC and MON short positions this month, with their average entry prices declining. Its primary profits now stem from its ETH short: an unrealized gain of ~$7 million (223%), position size of ~$47.21 million, and average entry price down from $4,015 to $3,573. The newly opened 3x-leveraged MON short has a size of ~$7.44 million, a

A whale address deposited 1.38 million U to HyperLiquid to open a 1x short position in HYPE.

On December 8, Onchain Lens data shows a whale address—idle for 7 months—deposited 1.38 million USDC into HyperLiquid and opened a 1x leveraged short position on HYPE. The same whale previously realized a $1.14 million profit.

US Stock HYPE Treasury Company Hyperliquid Strategies Approves $30 Million Stock Buyback Plan

NEW YORK, Dec. 8 (The Wall Street Journal) — Hyperliquid Strategies Inc. (Nasdaq: PURR) said Thursday its board has authorized a share repurchase program of up to $30 million for its outstanding common stock, effective for 12 months. Chief Executive David Shamis stated: “We’re committed to maximizing shareholder value through prudent capital management. Our top priority is enabling investors to efficiently gain exposure to HYPE — the flagship native token of the Hyperliquid ecosystem. We’ll use company cash to boost the HYPE per share held by shareholders in the most efficient manner.” Repurchases will comply with federal securities laws and may be made via open-market transactions at prevailing prices, privately negotiated deals or other methods. Timing, quantity and amount of repurchases will be at management’s discretion, depending on factors including HSI’s stock price, broader market and economic conditions, and applicable legal requirements. The company does not guarantee t

Hyperliquid Introduces STABLE Perpetual Contract

On December 8, Hyperliquid announced via official channels that it has added support for the STABLE/USDC perpetual contract, which offers up to 3x leverage.

Mainstream Perp DEX Overview: Lighter Dominates Top Spot for 10 Consecutive Days, Trading Volume Keeps Aster and Hyperliquid in Check

On December 8, data from DefiLlama reveals that across Perpetual DEXs (Perp DEXs) over the past 24 hours, leading platforms saw a slight uptick in trading volume compared to the previous day. Lighter has held the top spot for 10 consecutive days, while Aster remains in second place. Key metrics for major Perp DEXs are as follows: - **Lighter**: ~$8.22B 24h trading volume | ~$1.37B TVL | $1.65B open interest - **Aster** [https://www.asterdex.com/en-US/referral/aboter]: ~$6.48B 24h trading volume | ~$1.39B TVL | $2.53B open interest - **Hyperliquid** [https://app.hyperliquid.xyz/join/NTOD]: ~$6.22B 24h trading volume | ~$4.41B TVL | $5.96B open interest - **EdgeX**: ~$5.13B 24h trading volume | ~$407M TVL | $796M open interest - **ApeX**: ~$3.05B 24h trading volume | ~$46.8M TVL | $89.42M open interest - **Backpack**: ~$1.25B 24h trading volume | TVL undisclosed | $2.03B open interest - **Variational**: ~$1.14B 24h trading volume | ~$72.86M TVL | $320M open interest -

A whale has deposited 6 million USDC into HyperLiquid and has gone long on Ethereum, SUI, and FARTCOIN.

Per Onchain Lens monitoring on December 8th, a whale deposited 6M USDC into HyperLiquid and opened multiple long positions: 20x leverage on ETH, 10x on SUI. Additionally, the same whale opened a 10x leverage long position on FARTCOIN yesterday.

The "1011 Insider Whale" has once again deposited 10 million USDC into Hyperliquid to leverage 5x and long 9010.4 ETH.

On December 7th, per Onchain Lens monitoring, the "1011 Insider Whale" once again deposited 10M USDC into Hyperliquid, went long 9,010.4 ETH (valued at $26.8M) with 5x leverage, opening at $2,959.4 and liquidating at $1,888.2.

A whale has deposited 3 million USDC into HyperLiquid and shorted ETH with 10x leverage.

December 7: A crypto whale deposited 3 million USDC into HyperLiquid and shorted ETH with 10x leverage, per Onchain Lens data. ### 说明： 1. **时间表达**：用 `December 7`（美式日期省略年份时常见），冒号分隔时间与事件（快讯常用结构）； 2. **简洁性**：用 `per Onchain Lens data` 替代 `according to Onchain Lens monitoring`（更符合美式快讯的简洁口语化风格，`per` 比 `according to` 更常用在数据引用中）； 3. **明确性**：补充 `crypto` 修饰 `whale`（加密领域默认语境下可省略，但加 `crypto` 更清晰，符合美式财经/加密快讯的表达习惯）； 4. **语序自然**：事件核心（鲸鱼操作）前置，数据来源后置，符合读者快速抓取信息的需求。

A new wallet deposited 3,000,000 USDC to HyperLiquid and went long on HYPE with 10x leverage.

December 7 — Per Onchain Lens monitoring, a newly created wallet deposited 3 million USDC into HyperLiquid and opened a 10x leveraged long position on HYPE.

Pump.fun's protocol revenue in the last 24 hours has surpassed Hyperliquid.

As of Dec. 7, per Defillama data, Pump.fun generated $1.09M in revenue over the past 24 hours—surpassing Hyperliquid’s $896k for the same period and ranking third overall, behind Tether ($23.65M) and Circle ($8.15M).

The ETH TOP2 long position on Hyperliquid has been closed. The recent long positions have accumulated a total profit of $1,055,000.

On-chain analyst Ai Yi (@ai_9684xtpa) noted on December 6th that 17 hours prior, the second-largest ETH long position holder on Hyperliquid closed a nearly four-day-old position, securing $1.285 million in profits—significantly down from the $5.3 million peak unrealized gain it had accumulated. After locking in that profit, the whale opened two more ETH long positions, both of which resulted in losses, erasing nearly $230,000 of the earlier gains. Overall, the whale’s three ETH long positions generated a cumulative profit of $1.055 million.

Mainstream Perp DEX Overview: Lighter's trading volume drops by 15% but still holds the lead, with Aster and Hyperliquid closely following.

On December 5th, per DefiLlama data, Lighter’s 24-hour trading volume in Perp DEXs has dropped by ~15% but remains the top-ranked platform over the past 24 hours. Some capital has flowed to smaller market-cap platforms, with Pacifica seeing its trading volume rebound. Below are key metrics for select Perp DEXs: - Lighter: ~$8.88B 24h vol | ~$1.27B TVL | ~$1.83B open interest - Aster: ~$7.37B 24h vol | ~$1.42B TVL | ~$2.58B open interest - Hyperliquid: ~$6.32B 24h vol | ~$4.34B TVL | ~$6.30B open interest - EdgeX: ~$4.09B 24h vol | ~$0.412B TVL | ~$0.811B open interest - ApeX: ~$2.82B 24h vol | ~$47.19M TVL | ~$88.51M open interest - Variational: ~$1.75B 24h vol | ~$72.86M TVL | ~$0.373B open interest - Backpack: ~$1.15B 24h vol | TVL undisclosed | ~$2.01B open interest - Pacifica: ~$0.591B 24h vol | ~$41.78M TVL | ~$61.71M open interest (Referral links retained as original: Aster → [https://www.asterdex.com/en-US/referral/aboter](https://www.asterdex.com/en-US/re

「Top ZEC Short on Hyperliquid」 Adds to ZEC Short Position, Realizes $3 Million Profit Turnaround

December 5th — Per HyperInsight monitoring, the ZEC short position of the "Top ZEC Short on Hyperliquid" address has neared its average entry price amid ZEC’s ongoing rally. Over the past hour, the address added ~$1.72 million in additional ZEC shorts, bringing its current position size to ~$14.1 million. Its unrealized profits have shrunk from over $3.3 million yesterday to $300,000, with the average entry price adjusted to $412. The address initially opened a ZEC short on October 10 at ~$184, then added to the position to average up to $419. On October 17, its maximum unrealized loss hit $21 million. Currently, the address is shorting ETH, ZEC, MON, and HYPE simultaneously, with core profits tied to its ETH short. Recent unrealized gains have contracted by ~$3 million, leaving current unrealized profits at $6.22 million (194%). Its total short position size across all assets is ~$48.05 million, with an average ETH entry price of $4,014. The recently opened 3x-leveraged MO

Hyperliquid November Revenue Surpasses $90 Million, Marking a 13.8% Month-over-Month Decrease

On December 5, DefiLlama data shows Hyperliquid’s November revenue totaled $90.6 million, down 13.8% from October’s $105.09 million.

HYPE Treasury company Hyperliquid Strategies has staked 12 million HYPE, representing 3.54% of the circulating supply.

December 4: MLM Monitor reports Hyperliquid Strategies—the HYPE Treasury entity—has staked 12 million HYPE tokens, valued at ~$420 million. The stake represents 1.2% of the token’s total supply and 3.54% of its circulating supply. ### Key adjustments for American English/breaking news style: 1. **Conciseness**: Used `~` (common in quick updates) instead of `approximately`, and a colon (`:`) for time marking (faster to scan). 2. **Clarity**: Reworded `HYPE Treasury company Hyperliquid Strategies` to `Hyperliquid Strategies—the HYPE Treasury entity` (avoids ambiguity, clarifies the company’s role). 3. **Flow**: Split the last clause into a separate sentence for readability (common in short news alerts). 4. **Tense**: Kept `has staked` (appropriate if reporting on a recent action relative to the update time; could use `staked` if focusing on the past event). This version aligns with U.S. news wire conventions—brief, scannable, and direct.

Data: The top three Hyperliquid short positions hold a large amount of spot, with Abraxas spot holdings surpassing short positions.

On December 4th, per monitoring from HyperInsight (via its Telegram channel @HyperInsight), a whale with a short position exceeding $10 million on Hyperliquid primarily holds spot assets. The top 3 addresses on the HYPE short position leaderboard are: - **BobbyBigSize**: Largest HYPE short position (~$51.5M), with ~$11.85M in spot holdings; - **Abraxas Capital**: Two affiliated addresses hold a combined HYPE short position of ~$71M. The addresses have continuously increased their HYPE spot holdings since early December, rising from $56M to $63M in the past 3 days; - **Lightning Arbitrage Hunter**: HYPE short position (~$32.91M), with ~$6.68M in spot holdings.

The Top 2 ETH Long Position Address on Hyperliquid is currently in a floating profit of $5.28 million, with a position size of $63.32 million.

On-chain analyst Ai Yi (@ai_9684xtpa) noted on December 4th that high-frequency contract trader 0xa43 currently holds a 19,628.65 ETH long position—valued at roughly $63.22 million—with an average entry price of $2,950.23. This address is now the second-largest ETH long position holder on the Hyperliquid platform. Unrealized gains from this position have fully offset losses from the trader’s 17 trades over the past three days.

Whale "pension-usdt.eth" has added to its BTC short position by approximately $60 million, currently ranking as the number 1 BTC short on Hyperliquid.

On December 4th, per the Coinbob Popular Address Monitor: Over the past hour, a whale wallet tagged "pension-usdt.eth" boosted its BTC short position with 3x leverage, totaling roughly $60 million in notional value (position size: $93.2 million; average entry price: $92,700). The position is currently floating at a $460,000 loss (1.4%) and ranks as the top BTC short position on Hyperliquid. Earlier today at 00:00, the address partially closed a $60 million BTC short position at break-even before adding to the short again this morning. Recently, the wallet has focused on swing trades with low leverage and large order sizes: it held positions for an average of ~8 hours this week, and has generated $6.6 million in monthly profits.

Mainstream Perp DEX Overview: Hyperliquid Trading Volume Drops, Lighter Maintains Top Spot in Past 7 Days

**On December 3rd, DefiLlama data shows:** Perpetual (Perp) DEX trading volumes dipped slightly over the past 24 hours. Lighter led in 7-day trading volume, while Hyperliquid’s volume fell nearly 30%. Current partial Perp DEX metrics are as follows: - **Lighter**: 24h volume ~$10.89B | TVL ~$1.24B | Open interest ~$1.75B - **Aster**: 24h volume ~$9.49B | TVL ~$1.44B | Open interest ~$2.51B - **Hyperliquid**: 24h volume ~$7.28B | TVL ~$4.33B | Open interest ~$6.37B - **EdgeX**: 24h volume ~$6.34B | TVL ~$419M | Open interest ~$804M - **ApeX**: 24h volume ~$2.53B | TVL ~$47.35M | Open interest ~$32.46M - **Backpack**: 24h volume ~$1.52B | TVL undisclosed | Open interest ~$2.02B - **Variational**: 24h volume ~$1.22B | TVL ~$72.86M | Open interest ~$3.66B - **Pacifica**: 24h volume ~$754M | TVL ~$41.43M | Open interest ~$55.53M (Note: Links to platforms remain as referenced in the original content.)

The Ethereum L2 Long Position Address on Hyperliquid has realized a floating profit of over $3.3 million, despite a previous win rate of only 10.5%.

December 3rd: Per monitoring from AI Grandma, the No. 2 address holding Hyperliquid ETH long positions currently has an unrealized profit of $3.32 million. Three days ago, the address opened a 7x leveraged long position on ETH, holding 19,860.72 ETH (valued at approximately $60.58 million) with an average entry price of $2,884.03. Prior to this, among its 19 recent trades over three days, only 2 resulted in small profits—yielding a win rate of 10.5%. The address has focused on trading three tokens: MON, ZEC, and ETH, frequently taking both long and short positions.

A whale has deposited 4.49 million USDC into HyperLiquid to leverage 10x and increase their long position on ZEC.

On Dec. 3, Onchain Lens data shows a whale deposited 4.49 million USDC into HyperLiquid to take a 10x leveraged long position on ZEC. The whale currently holds an open buy order for ZEC at $333.46 to further expand the position. Additionally, the whale holds 20x leveraged long positions on ETH and 5x leveraged long positions on DYDX. As of now, the account has an unrealized loss of $1.29 million and a total account loss of $2.7 million.

A whale has deposited 1.01 million USDC into Hyperliquid to leverage 10x long on HOOD.

On December 3rd, per Onchain Lens data, a whale initially deposited 1.01 million USDC into Hyperliquid and opened a 10x-leveraged long position on HOOD. The whale is currently adding to this position.

Sonnet Biotherapeutics Receives Shareholder Approval to Merge with Hyperliquid Strategies

December 2 — Per market sources, Sonnet Biotherapeutics has secured shareholder approval for a merger with Hyperliquid Strategies.

Earlier reports indicated Hyperliquid Strategies plans to raise up to $1 billion, with proceeds earmarked for purchasing HYPE and other uses.

Mainstream Perp DEX Overview: Hyperliquid Surpasses $10 Billion in Trading Volume Again, Platform Volumes Rebound Collectively

On December 2nd, data from DefiLlama reveals most perpetual DEXs (Perp DEXs) recorded a sharp rebound in 24-hour trading volume over the past day. Lighter, Aster, and Hyperliquid all saw volumes surge above $10 billion—marking their first such levels in nearly 10 days. Below are key metrics for select Perp DEXs: - **Lighter**: 24h volume ~$118.8B | TVL ~$12.2B | Open interest ~$16.1B - **Aster**: 24h volume ~$110.5B | TVL ~$14.1B | Open interest ~$26.5B (ref: https://www.asterdex.com/en-US/referral/aboter) - **Hyperliquid**: 24h volume ~$102.2B | TVL ~$42.8B | Open interest ~$59.2B (ref: https://app.hyperliquid.xyz/join/NTOD) - **EdgeX**: 24h volume ~$65.2B | TVL ~$4.2B | Open interest ~$7.56B - **ApeX**: 24h volume ~$27.5B | TVL ~$47.06M | Open interest ~$29.24M - **Variational**: 24h volume ~$14.7B | TVL ~$72.86M | Open interest ~$3.31B - **Backpack**: 24h volume ~$12.2B | TVL (not disclosed) | Open interest ~$1.96B - **Pacifica**: 24h volume ~$5.75B | TVL ~$41.28M |

Crypto KOL paulwei has publicly shared his live trading on Hyperliquid, and recently placed a buy order in pyramid pattern to go long on BTC.

**December 2nd Update** Per on-chain AI analysis tool CoinBob (@CoinbobAI_bot), crypto KOL paulwei transferred ~$100,000 to Hyperliquid on November 16, then opened a 2x leveraged long position on BTC via a pyramid order. His long position currently spans the $72,600–$83,500 range, representing ~75% of his account’s total capital. Orders are partially filled, with the current position size at ~$11,000. Additionally, the trader has allocated 18% of his capital to a short position spanning $93,600–$99,000. Background: paulwei previously grew 1.8 BTC to over 80 BTC in two years starting May 1, 2020. His initial capital for this live Hyperliquid trade is ~1 BTC.

A new wallet deposited 3.448 million USDC into HyperLiquid and entered a 20x leveraged short position worth 38.6 million US dollars in BTC.

On December 2nd, Onchain Lens monitoring shows a newly created wallet deposited 3.448 million USDC into HyperLiquid and opened a 20x-leveraged short position on BTC. Currently, the position is valued at $38.6 million, with an average entry price of $86,373.6 and a liquidation price of $92,885.8.

A certain Whale Address has deposited 10 million U into HyperLiquid, initiating a 20x ETH long position.

On December 2, per LookOnChain monitoring, the whale address starting with 0xa5B0 has deposited 10 million USDC into HyperLiquid and opened a 20x long position using 12,000 ETH (valued at $32.8 million).

「Buddy」 once again made a deposit to Hyperliquid of approximately 250,000 U to top up his ETH long position.

December 1st — Per monitoring from Hyperinsight (via https://t.me/HyperInsight), Huang Licheng (“Brother Ma”) deposited 249,847 USDC to Hyperliquid just 7 minutes ago to boost the leverage on his ETH long position to over 25x. As of press time, his long position totals 2,000 ETH (roughly $5.48 million), with an unrealized loss of $257,189 (-114.57%) and a liquidation price of $2,662.

Mainstream Perp DEX Overview: Hyperliquid Trading Volume Continues to Decline by 56.9% in the Last 7 Days, Lighter Trading Volume Takes a Steep Dive Ahead

Hyperliquid Sees Multiple Multi-Million Dollar BTC Inflows in a Single Day, with the Largest Inflow Reaching $91 Million

A whale deposited 4 million USDC to Hyperliquid and shorted HYPE 10x.

On November 27th, as monitored by LookOnChain, a whale deposited 4 million USDC into Hyperliquid 2 hours ago and took a short position of 554,542 HYPE with 10x leverage. The value of this short position is approximately $20.15 million.

A new wallet deposited 2.5 million USDC into HyperLiquid and went 5x long on WLFI.

On November 27th, as per the monitoring of Onchain Lens, a newly established wallet transferred 2.5 million USDC into HyperLiquid and initiated a WLFI long position with a leverage of 5x. Currently, this position is valued at $2.4 million.

A trader deposited 1,000,000 USDC into Hyperliquid, longing NVDA and shorting GOOGL.

On November 26th, as monitored by LookOnChain, one hour ago, a trader transferred 1 million USDC into Hyperliquid. Subsequently, the trader went long on NVDA with a leverage of 9x and shorted GOOGL stock with a leverage of 10x.

Mainstream Perp DEX Overview: Lighter's Trading Volume Reaches $9.3 Billion, Reclaims Top Spot, Hyperliquid and ASTER Experience Decline in Trading Volume

On November 26th, according to data from DefiLlama, in the past 24 hours of Perp DEX trading volume, Lighter's trading volume has seen a slight increase and now ranks first. Meanwhile, Hyperliquid and ASTER have experienced a slight decrease in volume. The current partial Perp DEX trading volume is as follows: Lighter's 24-hour trading volume is approximately $9.32 billion, with a TVL of around $1.2 billion and an open interest of $1.74 billion; [Link: https://app.hyperliquid.xyz/join/NTOD] Hyperliquid has a 24-hour trading volume of about $7.93 billion, a TVL of around $4.37 billion and an open interest of $6.49 billion; [Link: https://www.asterdex.com/zh-CN/referral/aboter] Aster has a 24-hour trading volume of approximately $6.59 billion, a TVL of around $1.34 billion and an open interest of $2.27 billion; EdgeX has a 24-hour trading volume of about $5.19 billion, a TVL of around $432 million and an open interest of $722 million; ApeX has a 24-hour trading volume of approximate

The largest MON short position on Hyperliquid has an unrealized loss of $1.23 million, while the ZEC short position has an unrealized loss of over $6 million.

On November 26th, according to AI Auntie's monitoring, the short position of Hyperliquid's MON TOP1 is currently incurring a loss of $1.23 million: Address 0xd47...51a91 currently holds a short position of 1.81 million MON, which is worth $7.67 million, and the entry price is $0.03566. This address is also shorting ZEC. The current short position of $33.23 million in ZEC is incurring a loss of $6.08 million. It holds a total of 13 token positions, with a floating profit of $2.08 million.

Hyperliquid's MON Long Whale Enjoys Unrealized Gains, Long Position Leader's Unrealized Gains Reach $2.6 Million Doubling Principal

A whale address has deposited 5.3 million U to open a 20x BTC short position on Hyperliquid.

On November 26th, as per the monitoring of Onchain Lens, a whale address deposited 5.3 million USDC into HyperLiquid 5 hours ago and initiated a BTC short position with a leverage of 20x. The current position size amounts to $4.384 million (50 BTC), and there is an unrealized loss of $11,256 (-5%).

A whale made a short-term large HYPE spot purchase on HyperLiquid in an attempt to squeeze the shorts, causing significant funding rate distortion and a sharp price fluctuation.

On November 25th, according to MLM Monitoring, a whale deposited 32 million USDC into HyperLiquid. It used the Time-Weighted Average Price (TWAP) to sweep the spot market for HYPE with the intention of squeezing large short positions (about 5% from the liquidation price). Within 15 minutes, the whale bought HYPE worth $14.5 million. At the same time, it also placed short orders worth $7.05 million in the range of $34.5 to $36, trying to induce the short positions to be squeezed. Subsequently, traders shorted against its buy orders, resulting in the funding rate briefly surging to over -800% and triggering a spot premium of $0.4. The whale then sold 100,000 HYPE (worth $3.3 million) in the market, causing the price of HYPE to drop by 4% in a few seconds. The squeezed short positions now hold only 727,000 HYPE ($24 million), which is less than their previous position of 2.1 million HYPE ($67.1 million).

Mainstream Perp DEX Overview: Hyperliquid Rises to the Top with $9.8 Billion in Trading Volume, Lighter Falls to Second

On November 25th, according to Defilama data, there was a rebound in Perp DEX trading volume over the past 24 hours. Hyperliquid experienced a significant increase in trading volume and currently ranks first, while Lighter dropped to second place. The current partial Perp DEX trading volume is as follows: Hyperliquid reported a 24-hour trading volume of approximately $98.7 billion, a TVL of around $43.6 billion, and an open interest of $63.8 billion. Lighter recorded a 24-hour trading volume of about $91.5 billion, a TVL of approximately $11.9 billion, and an open interest of $17.1 billion. Aster had a 24-hour trading volume of around $83.2 billion, a TVL of about $13.4 billion, and an open interest of $22.5 billion. EdgeX saw a 24-hour trading volume of approximately $59.1 billion, a TVL of roughly $4.53 billion, and an open interest of $7.29 billion. ApeX's 24-hour trading volume was about $27.9 billion, with a TVL of $48.36 million and an open interest of $32.74 million. Varia

「Top ZEC Short on Hyperliquid」 has once again adjusted their position on MON at the $0.032 price level, now being the biggest Short Whale on MON.

On November 25th, according to the on-chain AI analysis tool (https://t.me/CoinbobAI_bot) @CoinbobAI_bot, the monitoring data shows that since the MON mainnet went live yesterday, multiple Hyperliquid whales have begun to accumulate MON. In the past 9 hours, the "Hyperliquid ZEC's Largest Short" opened a MON short position with an average price of $0.032 and a position size of $3.48 million. The liquidation price is $0.25, realizing a small profit of $180,000. And this address is now also the largest holder of the MON short position; According to the monitoring data, the current largest MON long address (0xcc) opened MON long positions with an average price of $0.028 and a position size of approximately $5.4 million. The liquidation price is $0.0248.

A certain new wallet has deposited $5.35 million into Hyperliquid and shorted BTC with 20x leverage.

On November 25th, as monitored by Onchain Lens, a newly established wallet deposited $5.35 million into Hyperliquid and initiated a BTC short position with a leverage of 20x. Currently, the value of this position is $43.53 million.