Hyperliquid (HYPE) — Onchain News & Whale Tracking

Mainstream Perpetual DEX Overview: Lighter Takes the Lead with a Trading Volume of $12 Billion, While Hyperliquid Sees a Slight Decrease in Trading Volume

On November 13th, according to Defilama data, the overall open interest in Perp DEX experienced a slight decline. Lighter witnessed a steady increase in trading volume and significantly took the lead, currently ranking first. The trading volume of Hyperliquid decreased slightly compared to yesterday and now ranks second. The current trading volume of some Perp DEXs is as follows: The 24-hour trading volume of Lighter is approximately $12 billion, with a TVL of around $11.74 billion and an open interest of $16.1 billion; The 24-hour trading volume of Hyperliquid (https://t.me/HyperInsight) is approximately $7.67 billion, with a TVL of around $46.56 billion and an open interest of $74.2 billion; The 24-hour trading volume of Aster (https://www.asterdex.com/en-US/referral/aboter) is approximately $7.52 billion, with a TVL of around $14.79 billion and an open interest of $24.1 billion; The 24-hour trading volume of EdgeX is approximately $6.106 billion, with a TVL of around $4.96 billi

Hyperliquid's "Former ZEC Whale" Doubles Down on Long Position, Account's Previous Multi-Million Dollar Unrealized Gain Drops to $1.42 Million

On November 13th, according to Coinbob Popular Address Monitoring (https://t.me/Coinbob_track_CN), in the past 1 hour, the "Former ZEC Largest Long" whale (0x96e) on Hyperliquid has increased its ZEC long position by 5000 coins, bringing the position size up to $7.5 million with an average price of $547. The current price of ZEC is approximately $500. This ZEC whale has been accumulating a long position in ZEC since November 3rd when ZEC was around $380. It used a $2.21 million principal to open a ZEC long position and has been continuously rolling it over. The peak average price reached $555 and the principal doubled to $10.5 million within a week. It was once the largest ZEC long on Hyperliquid, but after the ZEC price decline, it currently ranks second in long positions. Recently, since ZEC dropped below $600, it has been gradually reducing its position by selling off 40,000 coins of ZEC and depositing over $500,000 into Hyperliquid as a reserve. The position size has decreased fr

An address is suspected of "price manipulation" on Hyperliquid, causing the POPCAT price to plummet, resulting in a $4.9 million loss for HLP.

On November 13th, as per MLM Monitor, yesterday, an individual withdrew 3 million USDC from OKX and distributed it to 19 wallets. Around 14:45 CET, they began to go long for millions of dollars' worth of POPCAT by placing buy orders of approximately $20 million at a price of $0.21. The total long position of these 19 wallets rose to around $30 million. When they removed this 8-digit buy wall, within seconds, the $20 - 30 million long position in POPCAT was liquidated and HLP took over the position. Subsequently, POPCAT continued to decline, causing HLP to lose $4.9 million. Hyperliquid later manually closed out this position. MLM analysis indicates, "This was clearly a deliberate act with the intention of bringing down HLP/Hyperliquid. No one would lose 3 million in seconds just due to stupidity or carelessness. As a result, the Arbitrum bridge was temporarily paused, but other deposit and withdrawal operations remain unaffected. The issue is expected to be resolved soon."

ZEC Sees Largest Short Position on Hyperliquid in Over a Month, with Floating Losses Narrowed to $6.5 Million

Mainstream Perp DEX Overview: Lighter's trading volume has steadily increased, reaching $11.2 billion in volume, with Hyperliquid coming in second.

On November 12th, according to Defilama data, the trading volumes of mainstream Perp DEXs have shown a slight increase in the past 24 hours. Among them, possibly affected by the news that "Lighter completed a $68 million funding round", the trading volume of Lighter has surged recently and currently ranks first in the 24-hour trading volume. The current trading volumes of some Perp DEXs are as follows: The 24-hour trading volume of Lighter is around $112.4 billion, with a TVL of around $11.72 billion and an open interest of $16.2 billion; The 24-hour trading volume of Hyperliquid is around $91.4 billion, with a TVL of around $47.31 billion and an open interest of $74.7 billion; [Aster](https://www.asterdex.com/en-US/referral/aboter) (hyperlink removed as it's not a proper link in this context) 24-hour trading volume is around $78.8 billion, with a TVL of around $14.63 billion and an open interest of $26.4 billion; The 24-hour trading volume of EdgeX is around $62.1 billion, with a

Hyperliquid contract balance decreased by $1.5 billion compared to the beginning of the month, as some traders withdrew funds or closed positions to adopt a wait-and-see approach.

「3x Short on ASTER」 Whale Partially Gives Back Profits, Hyperliquid's Biggest Short Whale Counter-Longs ASTER, Becomes Long Whale Lead

Hyperliquid is pleased to announce the launch of AERO contract trading.

On November 11th, according to market information, Hyperliquid has introduced a new AERO/USDC perpetual contract, which supports a leverage of up to 3 times.

A whale deposited 1.19 million USDC into HyperLiquid, longing UNI with 5x leverage.

On November 11th, as per the monitoring of Onchain Lens, a whale transferred 1.19 million USDC into HyperLiquid and initiated a 5x leveraged long position in UNI. The value of this position is $4.47 million, and the liquidation price is $7.41.

The largest UNI short position on Hyperliquid was opened about 4 hours ago with a slight unrealized loss, with a position size of approximately $9 million.

「Cool-headed Whale」 opened a long position on UNI 6 days ago, with a current unrealized gain of 480%, making it the largest UNI bull on Hyperliquid.

Pendle Launches New Pool, Boros Introduces Hyperliquid BTC Funding Rate Market New Expiry Date

On November 10th, as per official channels, the DeFi yield protocol Pendle has recently added 11 new asset yield pools. These include AID, sAID, syzUSD, yzUSD, tmvUSDTO, nBASIS, ynRWAx, ynUSDx, USD (Midas mRe7BTC), USD (Midas mRe7yield), and nWBTC. Meanwhile, Pendle's funding rate trading platform Boros has recently launched a new expiry date (November 28th) for the Hyperliquid platform's BTCUSD funding rate market, which supports both BTC and USDT pairs. Boros aims to offer investors a new means to directly trade or hedge against funding rate fluctuations.

Mainstream Perp DEX Overview: Aster Hits the Top with a 24h Trading Volume of $11.9B, While Hyperliquid Falls to Third Place

On November 10th, according to Defilama data, in the mainstream Perp DEX's recent 24-hour trading volume, Aster (with the referral link https://www.asterdex.com/en-US/referral/aboter) has surpassed Hyperliquid and taken the top position. The recent trading volumes of other Perp DEXs have all declined to different degrees. The current trading volumes of some Perp DEXs are as follows: Aster has a 24-hour trading volume of approximately $11.94 billion and a TVL of around $14.98 billion; Lighter has a 24-hour trading volume of approximately $8.94 billion and a TVL of around $11.45 billion; Hyperliquid has a 24-hour trading volume of approximately $5.92 billion and a TVL of around $4.857 billion; EdgeX has a 24-hour trading volume of approximately $5.77 billion and a TVL of around $4.83 billion; ApeX has a 24-hour trading volume of approximately $2.50 billion and a TVL of around $50.67 million; Pacifica (with the referral link https://app.pacifica.fi/?referral=pacbot) has a 24-hour trading

A new address deposited 3.62 million USDC into Hyperliquid and went long on ZEC with 10x leverage.

On November 10th, as per the monitoring of LookOnChain, a fresh address deposited 3.62 million USDC into Hyperliquid and took a long position on ZEC with a leverage of 10x.

Hyperliquid's "ZEC Long Whale" added to their position at the lowest point, liquidated short positions, and realized a weekly profit of over $7 million.

A whale deposited $7 million into Hyperliquid to short BTC 3 days ago, and now only has $560,000 left.

On November 10th, as monitored by EmberCN, "Whale 0x7b7 transferred 7 million USDC to Hyperliquid 3 days ago for shorting BTC. After undergoing multiple liquidation events, only $560,000 is left. At its peak, it shorted 2222 BTC (worth $226 million), and now it only holds 300 BTC (worth $31.87 million) after multiple liquidations."

Hyperliquid's "ZEC Long Whale" Deleverages, Profit Shrinks from $12 Million to $200,000

A newly created wallet deposited 6.27 million USDC into HyperLiquid and placed a $504 buy order to go long on ZEC.

On November 8th, as monitored by Onchain Lens, a newly established wallet deposited 6.27 million USDC into HyperLiquid and placed a 504 USDC order to open a long position in ZEC.

Analyst: Hyperliquid or Alpha Testing Native Lending Market BLP

On November 8th, Analyst MLM disclosed that the Hyperliquid team is currently conducting tests on the Hypercore testnet with a feature named BLP. It is speculated that BLP stands for BorrowLendingProtocol. Judging from the testing situation, it seems to be a native lending market based on Hypercore with functions such as borrowing, lending, and withdrawal. Currently on the testnet, this market only supports USDC and PURR. Perhaps this is their planned mechanism for securely implementing a multi-collateral system by introducing an underlying lending layer. However, it has not been confirmed yet, and all of this is still speculative.

At Hyperliquid, the "ZEC Long Whale" has reduced their position, causing their unrealized gains to shrink from $12 million to $3 million.

On November 8th, based on HyperInsight's monitoring, the largest ZEC long position address on Hyperliquid decreased its position by 5000 ZEC within half an hour. As of the time of writing, this address still holds a 50,000 ZEC 5x long position; however, the unrealized gain has shrunk from a peak of $12 million to $3 million.

Hyperliquid has launched ICP Perpetual Contract

On November 8th, as per the official website, Hyperliquid has initiated ICP perpetual contracts, with a maximum leverage of 5x supported.

The largest ZEC long position on Hyperliquid is currently up $5.65 million

On November 8th, as per cointelligence, the largest ZEC position on Hyperliquid is a long position amounting to 55,000 ZEC (equivalent to 33.89 million USD), and it is currently holding an unrealized gain of 5.65 million USD. This address has ascended to the "top one" position by rolling over unrealized gains: starting from 410 USD five days ago, it has been continuously adding to its long ZEC position through unrealized gains, eventually reaching the present 55,000 ZEC position. Its average entry price is 513.5 USD, and the liquidation price is 500.8 USD.

On Hyperliquid, the largest short position on ZEC is continuously increasing its margin to avoid liquidation.

On November 8th, according to the monitoring of on-chain analyst Ai Yi (@ai_9684xtpa), the largest short position on ZEC on Hyperliquid continues to increase its collateral in order to avoid liquidation. 7 hours ago, he added 4 million USDC again. In the past 24 hours, a total of 36.814 million US dollars has been added as collateral. The current 34.09 million US dollar short position is at an unrealized loss of 18.04 million US dollars, reaching a peak above 20 million US dollars. The entry price is $305.9127 and the liquidation price is $1,312.58.

The largest ZEC short position on Hyperliquid is currently at a floating loss of $21.5 million, with an entry price as low as $305.9.

On November 7th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight and targeted at _blank), the largest short position on ZEC within Hyperliquid currently has a floating loss of $21.5 million. The opening price was $305.9127, the current ZEC price is $713, and the position is worth as high as $37.5 million. The address initiated the ZEC short position on October 11th and has been continuously increasing the scale during the upward trend to average down the cost. So far, there has been no liquidation.

Security Alert: Fake Hyperliquid App Found on Google Play Store

On November 7th, on-chain detective ZachXBT issued a warning on his personal channel, indicating that a fake Hyperliquid app has emerged on the Google Play Store. The community should be cautious as these platforms currently seem to be ineffective in filtering out such fraudulent impersonation apps.

Mainstream Perp DEX Overview: Hyperliquid Leads with a 24-hour Trading Volume of 9.7 Billion, Pacifica Reward Points Drive Increased Trading Volume

On November 7th, according to Defilama data, in the mainstream Perp DEX's recent 24-hour trading volume, Hyperliquid still holds the top position. Aster has witnessed a slight decrease in trading volume over the past month. After a recent 20x airdrop, Pacifica has seen a surge in trading volume. The current trading volumes of some Perp DEXs are as follows: Hyperliquid has a 24-hour trading volume of approximately $9.7 billion and a TVL of around $4.605 billion; Lighter has a 24-hour trading volume of approximately $9.53 billion and a TVL of around $1.114 billion; Aster has a 24-hour trading volume of approximately $7.4 billion and a TVL of around $1.479 billion; ApeX has a 24-hour trading volume of approximately $2.43 billion and a TVL of around $47.27 million; Pacifica has a 24-hour trading volume of approximately $1.06 billion and a TVL of around $38.08 million.

Hyperliquid's largest ZEC short position continues to increase its exposure, now facing an unrealized loss of $14.5 million

A whale deposited 14 million USDC into Hyperliquid and started accumulating HYPE.

A trader deposited 7,000,000 USDC into Hyperliquid to short BTC and XRP with 20x leverage.

On November 6th, as per the monitoring of LookOnChain, a trader deposited 7 million USDC into Hyperliquid through a newly established wallet. Subsequently, the trader opened short positions for BTC and XRP with a leverage of 20x. The details of the positions are as follows: · 1,129 BTC (approximately $116 million) · 8,888,888 XRP (approximately $20.35 million) This trader appears to be a high-risk player and is a user of both Roobet and Stake.

An whale transferred 1,000,000 USDC to Hyperliquid and leveraged 10x to long 2,900 ETH.

On November 6th, as per the monitoring of LookOnChain, the whale "machismallbrother.eth" deposited 1 million USDC into Hyperliquid one hour ago and initiated a 10x long position with 2900 ETH (valued at approximately 9.8 million US dollars). In contrast to "Maji," "machismallbrother.eth" is currently in a profitable status, with a total profit exceeding 8.9 million US dollars.

"Precision Positioning ZEC Whale" Longs Only 3 Days, Doubling the Principal, Now the Largest Long on the ZEC Contract on Hyperliquid

On November 6th, according to the on-chain AI analysis tool CoinBob (@CoinbobAI_bot), the monitoring data over the past 5 hours showed that the "Focus on Long ZEC" whale (0x96e) once again increased its position by 2000 ZEC, bringing its total holdings to $16.33 million and an unrealized gain of $2.86 million (87%), with an average price of $424. The new address has deposited $2.21 million into Hyperliquid in the past 3 days. Then, it opened a 5x leveraged ZEC long position and has been continuously rolling it over. It doubled its principal in just 3 days and became the largest ZEC long position on Hyperliquid. Additionally, according to the monitoring data, the largest ZEC short position on Hyperliquid (0xd47) has an unrealized loss of $11.3 million. Since October 11th, it has been opening ZEC short positions and averaging down during upward movements. Its position size has increased to $26.02 million and there have been no closures yet.

A whale deposited 25.56 million USDC into Hyperliquid and started accumulating HYPE tokens.

ZEC Contract Position Board on Hyperliquid Shows a Single Coin Unrealized Loss of $10.8 Million

Hyperliquid's largest short position holder, "Abraxas Capital," has opened a new ASTER long position sub-address, with both addresses currently showing a 60% unrealized gain.

Hyperliquid's ZEC Long Contract Leaderboard Adds Position to $13.7M

HyperLiquid's six major high-leverage whales all liquidated, with an average loss of over $40 million per person

On November 5th, according to the statistics of EmberCN, all six high-leverage contract whales on HyperLiquid faced liquidation after making tens of millions of dollars in substantial profits. On average, each person suffered a loss of more than $40 million. The details are as follows: James Wynn used a principal of $21.77 million and achieved a peak profit of $87 million. He once opened a long position of BTC worth $1.23 billion on Hyperliquid. In the end, he not only lost all his profits but also his entire principal, resulting in liquidation. The "Insider Whale" falling used a principal of $3 million and achieved a peak profit of $26 million. They were previously good at placing bets before data and policy announcements but ended up making consecutive wrong bets and losing all their profits and principal. The whale AguilaTrades used a principal of $37.62 million and achieved a peak profit of $41.7 million. Every time they increased their position to $400 million, there was a retr

「1011 Insider Whale」 Faces Over $2.7 Million in Unrealized Losses on Hyperliquid

On November 5th, as per the monitoring of LookOnChain, the "1011 Insider Whale" incurred a long position loss of more than $2.7 million on Hyperliquid.

A whale deposited 3.5 million USDC into HyperLiquid and shorted BTC and ETH with 20x leverage.

On November 5th, as per the monitoring of Onchain Lens, a whale transferred 3.5 million USDC into HyperLiquid and took short positions on BTC and ETH with a leverage of 20x.

「Whale Hunting Operation」 Lead KOL Once Again Transfers $2.5 Million to Hyperliquid, Longing XPL with 1x Leverage

The top ten ZEC contract positions on Hyperliquid are mostly bearish, with the leading whale holding a unrealized loss of $8 million.

On November 4th, according to the monitoring of HyperInsight (https://t.me/HyperInsight), among the top ten whales with short positions in ZEC on Hyperliquid, eight whales with short positions are currently experiencing a floating loss, with the losses ranging from approximately 15% to 300%. Among them, the whale ranked first (0xd47) has a short position of $21 million, with an average price of $279, and a floating loss of about $8 million (200%). According to the monitoring, this address had opened a ZEC short position before the flash crash on October 11th and had once achieved a floating profit of over 100%, but now it has turned into a loss. In addition, the largest whale with a long position in ZEC in the contract (0x549) has a position of $13.6 million, with an average price of $352, and a floating profit of around $3 million (110%).

A new wallet deposited 7.9 million USDC into HyperLiquid to leverage a 5x long position on ZEC.

On November 4th, as per the monitoring of Onchain Lens, a newly established wallet deposited 7.9 million USDC into HyperLiquid and initiated a ZEC long position with a leverage of 5x. Currently, this wallet holds a TWAP order to further expand its position.

「Bro」 Hyperliquid Account Left with Less Than $17,000, Cumulative Loss of $13.33 Million

The whale that bought the dip on ETH after the 10.11 flash crash has turned from profit to loss, and is now ranked second in long positions on the ETH contract on Hyperliquid.

OKX will list Hyperliquid (HYPE) spot trading

On November 3rd, according to an official announcement, OKX will list Hyperliquid (HYPE) spot trading. · The opening of HYPE deposits: November 3, 2025, at 3:30 PM (UTC+8); · The pre-trading period for HYPE: November 3, 2025, from 9:30 PM to 10:30 PM (UTC+8); · The opening of HYPE/USDT spot trading: November 3, 2025, at 10:30 PM (UTC+8); · The opening of HYPE withdrawals: November 4, 2025, at 10:00 AM (UTC+8).

Hyperliquid's largest short seller, "Abraxas Capital," has a combined unrealized gain of over $50 million across its two addresses, with a total position size of $760 million.

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

On November 2nd, according to data from Defillama, pump.fun has achieved a revenue of $1.42 million within the past 24 hours. This figure surpasses the $1.18 million revenue generated by Hyperliquid during the same period. As a result, pump.fun now ranks third, following Tether ($23.36 million) and Circle ($7.91 million).

Hyperliquid's revenue surpassed $100 million in the past 30 days

On October 31st, based on the data from DefiLlama, Hyperliquid has achieved a total revenue of $102.43 million within the past 30 days. It ranks third, following Tether ($688.31 million) and Circle ($236.7 million).

「Suspected HYPE Listing Insider Trading」 Whale Keeps Accumulating and Bottoming Out, Now the Biggest Long Position Holder in XPL on Hyperliquid

On Hyperliquid's SOL Contract Holdings Leaderboard, the sixth-ranked "Cool-headed Trader" is gradually closing out positions to take profit, shifting from a 150% unrealized loss to a 50% unrealized gain.

On October 31st, as per the on-chain AI analysis tool (https://t.me/CoinbobAI_bot) @CoinbobAI_bot, the monitoring data indicates that the "Calm Whale" has successively closed a portion of their BTC and SOL short positions since last night and this morning, achieving a profit of more than $700,000. The total nominal value of their holdings has decreased from $79.7 million yesterday to $60.68 million, and the address currently ranks sixth in SOL contract holdings on Hyperliquid. According to the monitoring data, the address currently has an unrealized profit of $850,000 in BTC shorts, with a return rate of approximately 52%. The average position price is $112,000, and the position size is about $32.24 million. The SOL short has an unrealized profit of $780,000, with a return rate of about 58%. The average position price is $191, and the position size is around $27 million. Earlier news shows that the "Calm Whale" rolled over their BTC and SOL short positions near the $110,000 price lev

Top Holdings of the Top Long and Short Position in the Hyperliquid Three Major Coins: "100% Win Rate" Whale vs. Strongly Bearish "Abraxas Capital"