On Aug. 13, on-chain derivative tracker TradingBeats (formerly Hyperinsight) flagged renewed buying from a whale address that has become synonymous with MINIMAX's recent surge.
MINIMAX changed hands at $47.79 at the time of reporting, up roughly 7.8% on the day and 9.7% from the last time the monitor surfaced the position. The token's 24-hour turnover was about $6.65 million, while open interest stood near $13.07 million.
Whale adds 4,736 contracts to MINIMAX position
The address beginning with 0xcd98, previously up 620% in 15 days, has been stacking more tokens. Since the last update, it bought another 4,736.1 MINIMAX, lifting the total to 73,500 contracts. Its cumulative capital deployed grew from roughly $1.85 million to $2.045 million, lifting the average entry from $26.91 to $27.83.
Floating profit reaches $1.46M, return 717.6%
As of press time, the whale holds a 10x isolated long worth about $3.512 million. Floating profit has expanded to $1.467 million, an increase of roughly $322,000. The position's return rate now stands at 717.6%, with a liquidation price of $26.75.
Timeline: two minutes from deposit to first buy
The address first became active on July 23. After receiving about 49,900 USDC, it bought MINIMAX just two minutes later. The current price is roughly 85% above that first entry and 71.8% higher than the average holding cost.
TradingBeats, a perp and address analysis tool, is now live, offering real-time Hyperliquid data and whale-level transaction tracking.