On-chain data tracked by Onchain Lens shows that a whale deposited 6.3 million USDC into Hyperliquid roughly three hours before the report and opened a 3x leveraged short position on HYPE. The position size stands at 692,200 HYPE, with an estimated value of about $49 million. According to the monitored figures, the entry price was $66.02 while the mark price rose to $70.78, leaving the trade with an unrealized loss of around $3.3 million at the time of reporting. Beyond this HYPE short, the same whale currently holds five positions with a combined value of $126.8 million. Historical performance data cited by Onchain Lens indicates the address has generated cumulative profits of $4.39 million, underscoring its status as a closely watched large-scale trader in the market.
On-chain tracker spots major HYPE short on Hyperliquid
Odaily reported, citing monitoring data from Onchain Lens, that a whale deposited 6.3 million USDC into Hyperliquid around three hours before the update and then opened a 3x leveraged short position on HYPE. The trade size was reported at 692,200 HYPE, giving the position an estimated notional value of roughly $49 million at the time of the alert.
Position metrics show an entry price of $66.02 and a mark price of $70.78. Because the mark price was above the short entry level, the whale was sitting on an unrealized loss of about $3.3 million when the data was published. The move highlights the scale of directional bets still being placed on Hyperliquid by large on-chain traders.
Outside of this HYPE short, the same whale currently holds five open positions with a combined value of $126.8 million. Onchain Lens also said the address has recorded cumulative historical profits of $4.39 million, suggesting that despite the current drawdown on this trade, the wallet remains a profitable and active high-value participant being watched by the market.
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