Hyperliquid Whale Deposits 6,860 ETH to Binance 4 Hours Ago, Worth ~$10.8M – Total Loss Exceeds $5.48M

News Editor

2026-06-29 07:51:49

According to on-chain monitor @ai_9684xtpa, a Hyperliquid whale who previously profited $13.68M shorting 16 altcoins appears to be dumping ETH again. Four hours ago, the address deposited 6,860 ETH (worth ~$10.8M) to Binance at ~$1,574 per ETH, incurring an estimated loss of $2.86M if sold. Since June 24, the same address has transferred a total of $21.82M worth of ETH to exchanges, with cumulative losses reaching $5.485M.

HyperliquidWhaleETHBinanceDumpLossOn-chain

Whale Accelerates Dumping: 6,860 ETH Sent to Binance

On-chain monitor @ai_9684xtpa reports that a Hyperliquid whale—who previously netted $13.68M by shorting 16 altcoins—appears to be liquidating ETH once again. Four hours ago, the address deposited 6,860 ETH (worth approximately $10.8M) to Binance at an average price of $1,574 per ETH. If sold immediately, this deposit would realize a loss of roughly $2.86M.

This is not an isolated move. Since June 24, the same whale has transferred a cumulative $21.82M worth of ETH to exchanges, and based on moving average prices, the estimated total loss now stands at $5.485M. The persistent selling pressure suggests the whale holds a bearish view on ETH or needs urgent liquidity. Market participants should watch for further large-scale transfers.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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