Hyperliquid (HYPE) — Onchain News & Whale Tracking

A whale has deposited $3.2 million into HyperLiquid to leverage a 5x short position on HYPE.

On May 8th, as monitored by Onchain Lens, the whale has further deposited 3.2 million USDC into HyperLiquid in order to increase the HYPE (5x) short position. The total deposit has now reached $13.56 million. Currently, the short position is valued at over $35 million, resulting in an unrealized loss of $1.93 million.

A whale deposited 1.8 million USDC into Hyperliquid to leverage a short HYPE position against unrealized losses.

On May 8th, as per the monitoring of Spot On Chain, a whale has just transferred 1.8 million USDC into Hyperliquid, thereby increasing its already existing short position in HYPE that was incurring losses. During the past week, this whale has already injected $10.36 million into a 5x leveraged short position on HYPE and is currently facing an unrealized loss of $1.24 million.

Two Whales Deposit 10.48 Million USDC into HyperLiquid to Short Bitcoin

On July 7th, as monitored by Onchain Lens, two whales are currently shorting Bitcoin on HyperLiquid. · Whale 1: Deposited 5.58 million USDC to initiate a 40x leveraged short position, having a notional value of more than 70 million US dollars and currently having an unrealized loss of 891,000 US dollars. · Whale 2: Deposited 4.9 million USDC to open an 11x leveraged short position, with a notional value of over 56 million US dollars and currently having an unrealized loss of 604,000 US dollars.

Ethena Labs announces that USDe has been listed on Hyperliquid and HyperEVM.

On May 5th, according to official channels, Ethena Labs declared that USDe has been included on Hyperliquid and HyperEVM. It is reported that HyperCore users will obtain daily rewards, and these rewards will be automatically airdropped into users' USDe spot exchange balances.

A new address has deposited $2 million USDC into HyperLiquid and has leveraged 5x long on HYPE.

On May 5th, according to the monitoring of OnchainLens, a newly established wallet address has transferred $2 million USDC into HyperLiquid and initiated a 5x leveraged long position in HYPE.

A certain newly created address has allocated 5 million U to buy HYPE on HyperLiquid.

On May 1st, as per the monitoring of OnChain Lens, a newly established wallet has transferred 5 million USDC to HyperLiquid and placed a spot order to acquire HYPE with a price ranging from $12 to $20.05.

Warning: The official X account of Hyperliquid appears to have been compromised, posting a fake airdrop verification link

On May 1st, it is alleged that the official Hyperliquid X account was hacked and a fake airdrop verification link was posted. Users are advised to be cautious about the security of their assets.

Hyperliquid has announced that its new fee structure and staking tiers will go live on May 5th.

On April 29th, Hyperliquid's official announcement indicated that the new fee system and staking tier would become operational approximately at 03:00 on May 5th (UTC). The alterations comprise: 1. Staking HYPE can lead to a decrease in transaction fees; 2. Perpetual contracts and spot will have distinct fee criteria; 3. The spot trading volume will be counted twice when determining the fee tier. The staking and trading account binding feature is currently active on the testnet. This enables users to apply the staking discount of one account to another trading account. It is anticipated that this feature will become operational shortly after the launch of the new fee system and staking tier.

Hyperliquid: HyperEVM Mainnet Now Supports the Precompiled Read Function

On April 28th, Hyperliquid made an announcement on social media that the HyperEVM mainnet has initiated the read precompiled feature. This is a significant step in the progressive rollout of HyperEVM. The read precompiled feature enables developers to read HyperCore's state via smart contracts on HyperEVM. For instance, a lending protocol can utilize the HyperCore oracle to take the token price as a reliable pricing information source.

A certain new address has invested 1.33 million U to short TRUMP on HyperLiquid, with an entry price of $14.78.

On April 28th, as per the monitoring of LookOnChain, a whale address established a new wallet and transferred 1.33 million USDC into HyperLiquid with the intention of shorting TRUMP. The entry price was $14.787, and the liquidation price was $21.538.

A whale deposited approximately 810,000 USDC into Hyperliquid and shorted HYPE.

On April 25th, as monitored by Spot On Chain, approximately 3 hours ago, a whale withdrew 812,665 USDC from Binance and bridged it to HyperLiquid. Subsequently, a sell order was placed to short 150,000 HYPE tokens, with the transaction amount equivalent to approximately $3.05 million in the price range of $19.45 to $21.20.

Hyperliquid Launches ZORA Perpetual Contract, Supporting Up to 3x Leverage

On April 23rd, as per official channels, Hyperliquid has initiated the ZORA perpetual contract, with the ability to support a leverage of up to 3x.

Two addresses on Hyperliquid have shorted Bitcoin 6x, with a total position size of $74.5 million. The liquidation price is approximately $107,000.

On April 23rd, as per the monitoring of lookonchain, following the increase in the Bitcoin price, there were two wallet addresses (likely belonging to the same whale address) that took short positions in BTC on Hyperliquid with a 6x leverage. The short prices were $92,469.1 and $92,664.8 respectively. The total size of this position reached $74.5 million, and the liquidation prices were $107,220 and $107,160 respectively.

Hyperliquid Mainnet Validator Update: 21 Permissionless Nodes to Participate, Delegation Program Coming Soon

On April 22nd, the Hyperliquid Foundation made an announcement. It stated that the Hyperliquid validator set has now been updated to consist of 21 permissionless nodes, and any user is eligible to register a node. The top 21 validators based on the staked amount will form the active set. Nodes are mandated to self-stake 10,000 HYPE tokens, and this stake is locked for a period of one year. Even if a node is not selected for the active set, there will be no refund. The official recommendation is to get familiar with the testnet before the launch of the mainnet. Additionally, priority should be given to applying for the Delegation Program, which is scheduled to start in the coming days. This program aims to allocate token support to high-quality validators.

Crypto KOL Jez deposited 700,000 USDC into Hyperliquid and then went 40x long on BTC.

On April 22, as per the monitoring of Onchain Lens, the crypto KOL Jez (@izebel_eth) deposited 1537 MKR (approximately $2.07 million) into Aave V3 and borrowed 700,000 USDC. Subsequently, this fund was deposited into Hyperliquid and a BTC long position with 40x leverage was opened.

A certain new address will deposit 9 million USDC into HyperLiquid, some of which will be used to short HYPE

On April 21st, as per the monitoring of LookOnChain, a whale transferred 9 million USDC to HyperLiquid through a new address. Part of this amount was used to take a short position in HYPE. This whale has placed a limit order worth $638,000 at a price ranging from $18.7 to $19 to short HYPE.

A whale deposited 5.1 million USDC into Hyperliquid and shorted HYPE.

On April 21st, as per the monitoring of Onchain Lens, a whale deposited 5.1 million USDC into Hyperliquid and placed a sell order to short HYPE within the range of $18.5 to $18.9.

Data: Hyperliquid Dominates On-Chain Perpetual Contract Market with Nearly 70% Market Share, March Trading Volume Reaches $175 Billion

April 18th. The decentralized perpetual contract protocol Hyperliquid has recently achieved a market share of approximately 70%, representing a substantial increase from the early part of 2024. Its trading volume in March reached $175 billion, and in the first half of April, it has already reached $83 billion. The protocol's trading volume is now getting close to 10% of Binance's. (The Block)

A whale has deposited 2 million USDC into HyperLiquid, or may continue accumulating HYPE.

On April 17th, as monitored by Onchain Lens, a whale user deposited 2 million USDC into Hyperliquid with the intention of purchasing more HYPE. During the past 5 days, this whale has deposited a total of 7.99 million USDC into HyperLiquid. Out of this, 5.99 million USDC was used to purchase 376,442 HYPE at a price of $15.9 per token, resulting in an unrealized profit of $266,000. Currently, the whale still has a limit order to buy 100,000 HYPE.

Hyperliquid launches BABY Contract, supporting up to 5x leverage

On April 12th, according to official channels, Hyperliquid has made an announcement about the launch of the BABY contract, which is capable of providing up to 5 times leverage.

Aster Introduces Mining Power Point Boost and Contract Experience Fund, Offering Exclusive Benefits to Hyperliquid/Drift/GMX Users

On April 11th, Aster has initiated the acceleration of mining points and contract experience coupons. Users who have conducted transactions on platforms such as Hyperliquid, Drift, and GMX within the past 30 days can visit Aster's event page to determine their eligibility. They can obtain up to 1.1 times the acceleration of mining points and claim contract experience coupons worth 100 USDT, allowing them to experience Aster's flagship Pro trading mode with no threshold.

Hyperliquid trader experienced a 656.4% fund growth in 4 months, maintaining a 100% win rate.

On April 9th, LookOnChain announced on social media that they have identified a Smart Money trader. Four months ago, this trader deposited 1.17 million USDC into Hyperliquid. Now, his account is worth 8.85 million USD. His winning rate is 100%, and every trade is profitable. Currently, he is shorting XRP, BTC, and ETH, with an unrealized profit of 2.3 million USD.

An example of a whale making a 20x BTC long on Hyperliquid after depositing 5 million USDC

On April 7th, as monitored by Onchain Lens, a whale has just deposited 5 million USDC into Hyperliquid and opened a 20x leveraged long position in BTC at an average price of $77,231.

A Whale Address deposited 2.4 million U to HyperLiquid to average down its 3x ETH long position

On April 7th, as monitored by Onchain Lens, a whale address transferred 2.4 million USDC into Hyperliquid in order to increase its 3x ETH long position. Currently, the long position is facing an unrealized loss of 2.76 million USDC, and the entry price is $1866.

A whale deposited 5 million USDC into HyperLiquid to increase their HYPE holdings, resulting in a total unrealized loss of $1.3 million.

On March 3rd, as per the monitoring of OnchainLens, 7 hours ago, a whale transferred $5 million USDC into HyperLiquid in order to augment their HYPE holdings. Presently, the whale holds 700,214 HYPE tokens, which are valued at $8.43 million, and is facing an unrealized loss of $1.3 million. Additionally, the whale has placed a sell order, intending to sell 170,234 HYPE tokens at a price of $16 each.

A trader has gone long on ETH with 25x leverage on HyperLiquid, with a position's nominal value of $7.62 million

On March 29th, as monitored by OnchainLens, trader @izebel_eth deposited 2 million USDC into HyperLiquid and initiated a 25x leverage long position on ETH. The notional size of this position is 4,000 ETH, with a notional value of $7.62 million. In addition, the trader also purchased 100,000 HYPE tokens at an average price of $13.5, spending $1.34 million.

Hyperliquid has announced the addition of full on-chain validator voting functionality for asset delisting.

March 29th. As per official information, Hyperliquid declared that its blockchain has undergone an upgrade to incorporate a fully on-chain validator voting functionality for asset delisting. Once there is sufficient voting support for delisting, the operation will automatically set off on-chain execution. This stake-based permissionless voting-weighted mechanism is seamlessly integrated into HyperCore, and no off-chain coordination is technically required. As an illustration of this mechanism, Hyper Foundation's validators 2-5 will cast their votes around 21:00 on March 29, 2025 (Beijing time) to determine whether to delist the MYRO contract. Hyper Foundation's validator 1 will abstain from voting until the completion of the initial delegate's delegation plan.

Hyperliquid will set a strict upper limit for the Settlement Reserve, and JELLY long users will settle refunds at $0.037555.

On March 28th, Hyperliquid made an announcement. Users who held a long position in JELLY at settlement will receive a refund from the foundation at a settlement price of 0.037555. This indicates that all JELLY traders will settle at a price that is beneficial to them, unless they are from marked addresses. Hyperliquid is enhancing risk management in several aspects, such as: · HLP: The liquidation treasury will have a strict limit, which is only a small part of the total HLP account value. This will reduce the rebalancing frequency and adopt more sophisticated logic regarding emergency liquidations. If the loss of the liquidation treasury exceeds a certain threshold, an Auto-Deleveraging (ADL) will be triggered instead of automatically transferring collateral from other treasury components. It should be noted that an ADL is not expected in the case of organic market activities. · Open Interest Cap: The open interest cap will be adjusted dynamically based on market value. · Delisting

Hyperliquid: ETH Deposit/Withdrawal and Spot Trading Now Live

On March 28th, Hyperliquid made an announcement on the X platform that ETH deposits, withdrawals, and spot trading have become live.

Hyperliquid yesterday saw a net outflow of $184 million

Alert: On March 27th, as per DefiLlama data, perhaps due to the JELLY incident, Hyperliquid witnessed a net outflow of $184 million the previous day. The current protocol TVL is now stated to be $20.26 billion.

Hyperliquid's "Unplug the Ethernet Cable" Settlement Turns JELLY Short Position into $703,000 Profit

On March 26th, based on LookOnChain's monitoring, Hyperliquid settled 3.92 billion JELLY (approximately $3.72 million) at a price of $0.0095 prior to the delisting of JELLY. There was no loss but instead a profit of $703,000.

Arthur Hayes: Hyperliquid is not decentralized, HYPE will return to zero

On March 26th, Arthur Hayes made a post on social media, indicating that Hyperliquid was incapable of handling the JELLY incident and that it was not decentralized at all. Don't even imagine that traders truly care about this. I wager that HYPE will soon return to its original state.

After Hyperliquid delisted JELLY, HYPE experienced a short-term price surge of approximately 20%.

On March 26th, based on market data, Hyperliquid made the decision to delist JELLY after the JELLY contract was listed on OKX and Binance. Subsequently, there was a short-term 20% increase in the price of HYPE, and it is currently trading at $14.3.

Hyperliquid settled the JELLY short position at a price of $0.0095, without any loss of funds.

On March 26th, based on market information, Hyperliquid delisted JELLYJELLY and settled the acquired short position at a price of $0.0095 without incurring any losses of funds.

Hyperliquid has delisted JELLY

On March 26th, based on market information, Hyperliquid decided to remove JELLY from OKX and Binance after the announcement of the JELLY contract.

Analyst: If JELLY rises to around $0.17, it will trigger the 'liquidation' of the Hyperliquid Vault, amounting to $240 million.

On March 26th, the on-chain data analyst @ai_9684xtpa pointed out that Hyperliquid has assumed a $5 million short position in jellyjelly due to trader liquidation. Currently, it is at a loss of $10.63 million (approximately $6 million at the time of this writing). If the counterparty drives the price up to around $0.17, the Hyperliquid Vault will face liquidation and lose the $240 million it currently holds.

A certain newly created address opened a JELLY long position on Hyperliquid, with floating profits exceeding $8 million at one point

On March 26th, based on Hypurrscan data, a new address beginning with 0x20e8 established a 3x JELLY long position on Hyperliquid. It entered at $0.01129. The position once had a floating profit and loss of more than $8 million and currently stands at $5.58 million.

MEXC Lists Hyperliquid (HYPEEVM) Spot Trading, Instant Exchange, and Airdrop+ Event

On March 24th, according to official sources, MEXC officially listed Hyperliquid (HYPEEVM) in the Innovation Zone at 14:00 (UTC+8) on March 24th and opened the HYPEEVM/USDT trading pair. At 15:00 on the same day (UTC+8), the HYPEEVM swap function was launched, supporting users to seamlessly and instantly exchange with other assets. To celebrate the listing of Hyperliquid (HYPEEVM), MEXC has launched an Airdrop+ event with a total prize pool of 146,000 USDT. Event Period: From 20:00 on March 24, 2025 (UTC+8) to 20:00 on April 3, 2025 (UTC+8).

The "ETH High Win Rate Swing Whale" increased their position on Hyperliquid by $3.18 million in HYPE, and holds a $3.209 million long position in LDO.

On March 20th, according to the monitoring of ai_9684xtpa, the "ETH High Win Rate Swing Whale" deposited 18.04 million USDC collateral into Hyperliquid yesterday. The current fund allocation is as follows: 1x Long LDO: Position is $3.209 million, and the current floating loss is $0.043 million; Spot Long HYPE: Position is $3.18 million; Spot Long UBTC: Position is $0.35 million. In addition, limit orders were placed to prepare to add $3.915 million worth of LDO and UBTC, adding a 1x long position equivalent to holding three spot assets.

Hyperliquid 50x Leverage Whale Executes Long and Short Strategies During Fed Interest Rate Decision, Profits 164% in 3 Hours

On March 20th, according to cointelegraph, during the Federal Reserve's interest rate decision, the Hyperliquid with 50x leverage carried out a frenzied operation. It engaged in BTC long and short trades within 3 hours and turned 690,000 USDC into 1,826,000 USDC, achieving a profit of 164%. The specific operations are as follows: 1: Before the announcement of the Fed decision: At 12:00, it opened a short position for 326 BTC at a price of $84,566 (position size $27.6 million), and then at 1:48, it closed at $83,927, making a profit of $215,000. 2: At the moment of the decision announcement: At 2:01, it opened another short position for 256 BTC at $84,404 ($21.6 million), and 6 minutes later, it closed at $83,906, making a profit of $250,000. 3: Reversed to a long position: At 2:10, it opened a long position for 518 BTC at $84,500 ($43.8 million), and at 2:59, it closed at $85,700, making a profit of $620,000. 4: Short position again: At 3:00, it opened a short position for 384 BTC

Hyperliquid is planning to introduce Staking Tiers on April 30th, where the transaction fee will be determined based on the amount of HYPE staked.

March 19th. As per official channels, Hyperliquid has made an announcement. It will introduce a Staking Tier, and this tier will be decided according to the amount of HYPE staked. The advantages of the Staking Tier involve reduced transaction fees. This update is anticipated to become live on or after April 30th. As a part of this update, the entire fee system will be reconfigured. There will be separate fee schedules for perpetual contracts and spot trading. The volume of perpetual contracts and spot trading will be combined and calculated to determine the user's fee tier, with the spot trading volume weighted twice within the fee tier.

Analysis: Ethena to Potentially Deploy USDe on Hyperliquid

On March 18th, according to crypto analyst Ericonomic. Based on on-chain data, Ethena has made a purchase of a token named "USDe" on Hyperliquid. Or it may integrate its stablecoin USDe into the Hyperliquid network. The analysis shows that the wallet with the code for purchasing USDe, "0x4758...d605", has funds that can be traced back to the Ethena deployer (EOA), which further confirms the Ethena team's participation. In addition, Ethena recently transferred funds to Hyperliquid and set up 4 to 8 multi-signature wallets, indicating that they may be getting ready for deployment. A relevant proposal was submitted to the Ethena governance forum in October last year, but the team has not officially announced the progress. Currently, Ethena may be waiting to deploy USDe until after the launch of HyperEVM and HyperCore interoperability features.

「Hyperliquid's 50x Whale」 closes all long positions and opens additional short positions on BTC

On March 18th, according to Ashes Monitor, the "Hyperliquid 50x Whale" liquidated a position with a small loss and closed out the long positions in MELANIA and HYPE. Subsequently, it re-entered a short position in BTC. Currently, the 40x leveraged short position holds a total of 6210 BTC, and 16.75 million USDC has been transferred to Hyperliquid as collateral, which represents all the funds in the address.

「Hyperliquid 50x Whale」 BTC Short Position Turns into Unrealized Loss, Estimated Liquidation Price at $85,565

On March 18th, based on hypurrscan data, the "50x Leverage Whale" previously established a 40x short position on Hyperliquid for BTC at $83,923.2 when the price of Bitcoin was $83,923.2. As Bitcoin witnessed a slight upward rebound along with leverage funding costs, the position is now in a floating loss state, and the estimated liquidation price is $85,565. Before this, a "Whale Hunting Operation" targeting the Hyperliquid 50x Leverage Whale has already commenced, and there is a possibility that Justin Sun may participate in this effort.

「Hyperliquid's 50x Whale」 Adds 3x HYPE Long Position, with a Position Value of $2.04 Million

On March 17th, as per the monitoring of @ai_9684xtpa, 15 minutes ago, the "Hyperliquid 50x Whale" has launched a new 3x long position with 14.7k HYPE (equivalent to 2.04 million US dollars). Currently, the total position value amounts to 432 million US dollars.

The "Hyperliquid 50x Whale" sets a large short BTC limit order at $83,667

On March 17th, based on hypurrscan data, the "Hyperliquid 50x Whale" placed a short limit order of 772.87 BTC at $83,667.

Cryptocurrency KOLs Recruiting for "Hyperliquid 50x Whale" "Whale Hunting Operation," Justin Sun May Have Joined

On March 17th, as monitored by on-chain analyst @ai_9684xtpa, a "Whale Hunting Operation" targeting a Hyperliquid 50x leverage whale has commenced. 11 hours ago, crypto KOL @Cbb0fe made a post to assemble a "Whale Hunting Team". Just half an hour later, @Cbb0fe posted a screenshot showing that Justin Sun had joined the operation. @ai_9684xtpa's analysis indicates that the sudden surge of BTC at 12:00 AM last night seems to be the "masterpiece" of this whale hunting team. This caused the 50x whale's $6 million unrealized profit to be instantly wiped out and even led to a $2 million loss. As a result, they added 5 million USDC in collateral. However, this hunting siege temporarily ended with this hard-won victory. Currently, BTC has fallen back below $83,000, and their position is again in an unrealized profit of $5.36 million.

「Hyperliquid Whale」 Reverses 40x Short Position from Profit to Loss, Adds Another $5M Margin

「Hyperliquid 50x Whale」 has placed a limit buy order for 1551 BTC at $68,774, waiting to take profit

「Hyperliquid 50x Whale」 Short BTC Position Unrealized Gain of $6.2M, Liquidation Price $85,592