On-chain data tracked by OnchainLens shows that whale address 0xf822 deposited about $6.3 million in USDC to Hyperliquid roughly three hours before the report and increased a 3x leveraged short position in HYPE. The wallet now holds a short of around 692,200 HYPE, with a position value of about $49 million. The reported entry price is $66.02, while the stop-loss is set at $70.78. At the time of the update, the position was showing an unrealized loss of roughly $3.3 million. Across all markets, the address reportedly holds five open positions with a combined notional value of about $126.8 million and cumulative realized profit of around $4.39 million. The transaction highlights continued whale activity on Hyperliquid and close market attention on large directional bets tied to HYPE.
Whale Adds Margin and Scales Up HYPE Short on Hyperliquid
According to a July 7 update cited by BlockBeats and tracked by OnchainLens, whale address 0xf822 deposited approximately $6.3 million in USDC into Hyperliquid around three hours before the report. The address then increased a 3x leveraged short position in HYPE, signaling a larger bearish directional bet through the derivatives-focused platform.
Current position data shows the wallet holding a short exposure of roughly 692,200 HYPE, with the position valued at about $49 million. The reported entry price stands at $66.02, and the stop-loss level is set at $70.78. At the time of reporting, the position was carrying an unrealized loss of around $3.3 million, indicating that the trade was under pressure despite the added collateral.
Beyond the HYPE trade, the same address is said to be holding five open positions in total. The combined notional value of those positions is დაახლოებით $126.8 million, while cumulative realized profit has reached about $4.39 million. The update underscores ongoing market focus on whale-sized leveraged positions on Hyperliquid, especially those tied to HYPE price volatility.
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