Hyperliquid News Update: With HYPE Stumbling, Major Investor Profits Spark Concerns Over Insider Trading
- Hyperliquid whale amasses $3.6M HYPE gains via 5x leverage, with trades aligning suspiciously to major crypto announcements. - Holds $8.22M XPL (10x leverage) and $500K PURR despite 70% losses, raising questions about non-public information use. - HYPE struggles above $50 resistance amid bearish indicators, with $22M long positions at risk if price dips to $46. - Aggressive accumulation contrasts with declining Hyperliquid fees and regulatory scrutiny following MEXC's $3.15M fund freeze case.
According to blockchain analytics provider HyperInsight, Hyperliquid's HYPE token has become a focal point as a whale address, suspected of insider trading, has accumulated a substantial long position, now showing over $3.6 million in unrealized profits. This wallet, believed to be acting on privileged information, has also increased its stakes in other tokens such as
The whale’s HYPE position, taken with 5x leverage, has doubled in value as of November 3, with trade entries and timing closely matching significant news events, such as Robinhood’s spot trading debut on October 23, as highlighted in
FXStreet’s technical review points out that HYPE long holders face significant risk, with over $22 million in positions at stake if the token falls to $46. On the flip side, short positions totaling $14.74 million could be liquidated at $50.49, indicating that buyers may have more capital but are up against a key psychological barrier. On-chain metrics further reveal that Hyperliquid, a leading DeFi platform, is experiencing a drop in weekly fees and revenue as market turbulence discourages risk-taking.
The whale’s approach stands in contrast to the broader market. HYPE’s open interest has climbed 9.11% in the past day to reach $2.17 billion, signaling bullish momentum, but the liquidation data points to fragile positions. The whale’s tactics resemble those of other large traders: For example, Abraxas Capital currently holds the largest XPL short, boasting a 1,000% profit margin, as referenced in the same Lookonchain post. These divergent strategies underscore the high-risk environment of leveraged trading in the crypto sector.
Both regulators and the market are maintaining heightened vigilance following incidents like MEXC’s recent $3.15 million asset freeze involving trader The White Whale, as reported by
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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