News linked to both this project and an event.
Odaily reports: Hyperliquid News has disclosed that ETH's trading volume over the past 24 hours has surpassed BTC, reaching approximately $1.1 billion. Analysts suggest that this increase in ETH trading volume may be related to a recent incident in which PaperTrade was allegedly exploited through its mechanism, and the associated trading activity may have driven up demand for ETH in the market.Community user boblob previously disclosed that two wallets were suspected of actively "attacking" the PaperTrade platform, using trades worth approximately $20 million to briefly trigger a small fluctuation in ETH price on the Hyperliquid platform (about 10-20 basis points), and established a "9-figure" long position on PaperTrade. boblob further added that there are clear issues with the current protocol that need to be fixed as soon as possible, otherwise it could affect the protocol's long-term sustainability.Crypto trader Rune pointed out that PaperTrade's official documentation has in fact already disclosed that its pricing mechanism carries an "attack" risk, noting that the main risk at the protocol level lies in the use of Hyperliquid's order book BBO (Best Bid and Offer) for price manipulation. This risk involves unresolved price manipulation pathways, contract economic mechanisms and risk exposure control, as well as operational-level protective measures and permission management mechanisms.
According to on-chain analyst Ai Yi (@ai9684xtpa), a new wallet opened a long position for STRK with 440,000 USDC on Hyperliquid yesterday morning. The STRK price subsequently climbed from $0.072 to $0.12, a gain of over 67%, yielding approximately $850,000 in unrealized profits for the address within a day. Back-calculating the position size indicates roughly $1.27 million with leverage under 3x, reflecting a trading style that leans toward calculated confidence rather than gambling.
Odaily reports: Crypto trader Rune stated on X platform that PaperTrade's official documentation has actually disclosed a "vulnerability" risk in the protocol-level pricing mechanism. According to the document screenshots he shared, attackers can exploit the BBO (Best Bid and Offer) of the Hyperliquid order book for price manipulation. This risk involves unresolved price manipulation paths, contract economic mechanisms and risk exposure controls, as well as operational-level protective measures and permission management mechanisms.Additionally, Rune retweeted a post by community user boblob, which revealed that two wallets were suspected of actively exploiting and "attacking" the PaperTrade platform, conducting trades worth approximately $20 million that briefly caused ETH price fluctuations of about 10-20 basis points on the Hyperliquid platform. boblob further added that the obvious issues currently present in the PaperTrade protocol need to be fixed as soon as possible, otherwise they may affect the protocol's long-term sustainability.
Odaily News — A whale trader on Hyperliquid holds a short position of 391.48 BTC, valued at $32.36 million, with an average entry price of $82,863.10. The account has $7.19 million in equity, uses cross margin with 13x leverage, and has a liquidation price of $99,801.20.According to Hyperbot data, the account has executed a total of 4,726 trades, with perpetual contract profits of $952,200 over the past week and a maximum drawdown of 11.03%. As of the time of disclosure, the short position is profitable by approximately $75,500, with funding fees of $64,249.75.This position emerged on the one-year anniversary of the massive crypto market liquidation event on October 10, 2025. Hyperliquid's Bitcoin market open interest is approximately 38,040 BTC, with this account's position accounting for about 1% of it.Coinglass data shows that if Bitcoin rises to $85,000, approximately $3.3 billion in short positions would face liquidation. Polymarket data indicates that the probability of Bitcoin reaching $100,000 before December 31, 2026, is 27.5%. On October 9, spot Bitcoin ETFs saw net inflows of $21.13 million, with BlackRock's IBIT leading the way. (Bitcoin.com News)
according to on-chain analyst Yu Jin's monitoring, an address received 263 ETH from Tornado Cash yesterday, then swapped it for approximately 643,000 USDC and deposited it into Hyperliquid.The address opened a 40x leveraged cross-margin short position on 305.5 BTC, with a position size of approximately $25.38 million, an average entry price of $83,068, and a liquidation price of $84,088. The current unrealized profit is about $160,000. The source of the address's funds involves Tornado Cash, but it cannot yet be confirmed whether it is related to hacker activity.
according to on-chain analyst Ai Yi's monitoring, two addresses belonging to the same whale are accumulating long positions worth $50 million in BTC and ETH. diamondbull.eth opened a 25x long position on 11,500 ETH during the rebound, worth $28.72 million, ranking 7th among Hyperliquid ETH long positions, with a current unrealized loss of $109,000. Its funding source address samurai.eth additionally holds long positions of 200 BTC and 2,000 ETH, worth $21.58 million, with a current unrealized profit of $753,000.
Odaily News — According to on-chain analyst Yu Jin's monitoring, Hyperliquid's biggest long whale currently holds $320 million in long positions across 10 addresses, with unrealized profits of $8.77 million. The positions include 1,400 BTC and 82,000 ETH, with an average entry price of $75,967 for the BTC longs and $2,493 for the ETH longs. This entity primarily goes long on BTC and ETH, and has accumulated $117 million in profits this year through multiple rounds of long positions.
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet received 110,000 HYPE (approximately $9.73 million) from another wallet and immediately staked all of the tokens upon receipt.
an0n2498.hl, the whale ranked second by total trading volume on Variational, posted on X: "I have barely sold any HYPE, and I don't plan to sell any more. I will absolutely never sell any VAR. Instead, I will buy heavily into spot at TGE, and I will also open a long-term long position on VAR. My bullishness on VAR is simply beyond words."It is worth noting that an0n2498.hl previously received $15 million worth of HYPE in the Hyperliquid airdrop.
According to Onchain Lens monitoring, FalconX transferred 96,600 HYPE from its hot wallet to Coinbase, worth $8.01 million.
Odaily News: According to monitoring by on-chain analyst Ember, rollover trader @AguilaTrades (0x1f25...f925) frequently used large positions to roll over long positions on Hyperliquid from June to August last year, losing $37.6 million within 2 months, and had not opened any positions on Hyperliquid for 14 consecutive months since then. 20 minutes ago, they withdrew 500,000 USDC from Bybit to Hyperliquid, then went long on 100 BTC worth $8.29 million, with an entry price of $82,962 and a liquidation price of $78,997.
According to monitoring by Ai Yi, a smart money address (0x13d…cfa8a) with a cost basis as low as $3.87 allegedly reduced its position by approximately $11.77 million worth of HYPE within 10 days. Since September 28, the address has cumulatively deposited 131,421 HYPE to Kraken at a deposit price of $89.56, which would yield a profit of $11.26 million if sold, reaching a return rate of 2,214%.
Odaily News: According to Onchain Lens monitoring, Multicoin has once again deposited 67,500 HYPE worth $5.92 million into Coinbase Prime; over the past 4 weeks, it has cumulatively transferred 760,580 HYPE worth $62.99 million to Coinbase Prime.
According to on-chain analyst Ember (@EmberCN), Hyperliquid's development team HyperLabs successfully redeemed 3.75 million HYPE tokens (approximately $332 million) 8 hours ago. After being distributed across five wallets and consolidated to address 0x875...1d1, this address is suspected to belong to an institution that purchased the tokens from the team via OTC. Of the total, 1.25 million HYPE tokens (approximately $110 million) have been deposited back into staking, while the remaining 2.5 million HYPE tokens (approximately $220 million) remain in the wallet. Project members had previously revealed on Discord that upon redemption, this batch of tokens would be allocated to team members and subsequently sold to an institution via OTC.
According to on-chain analyst Yu Jin's monitoring, the 3.75 million HYPE that the Hyperliquid development team HyperLabs address (0x43e9...a251) applied to unstake 7 days ago was successfully redeemed 2 minutes ago, worth $332 million.
Odaily News: According to on-chain analyst Yu Jin's monitoring, after depositing margin into 3 addresses, a certain whale/institution holds long positions worth $352 million on Hyperliquid, including 1,140 BTC and 98,100 ETH. These long positions were opened half a month ago, with an average entry price of $82,205 for the BTC long and $2,604 for the ETH long. Currently, this combined long position has generated a profit of $2.66 million.
According to Arkham monitoring data, whale mtAAVEbank.ETH sold over 138,000 LINK worth $1.9 million six hours ago, while BTC had not yet dropped below $84,000. Analysis suggests the whale likely sold LINK to fund its 8x leveraged CRCL position on Hyperliquid, which recorded an unrealized loss of over $1.25 million at the time. The wallet currently retains over $21 million in digital assets, primarily stablecoins, with more than 10% of the funds borrowed from Aave.
according to Hupzy monitoring, a Hyperliquid trader, after losing $471,000 on a short position of 14,976 ETH, switched to a 25x leveraged long position of 23,734 ETH, with a notional value of $64.3 million and a liquidation price of $2,650.
Odaily News: According to on-chain tracking platform Lookonchain, a wallet tagged as an Andrew Tate-linked address transferred 20,950 HYPE, worth approximately $1.87 million, to Binance on October 2.The wallet purchased 122,826.9 HYPE at an average price of $4.48 on November 29, 2024, investing approximately $550,000; it sold 41,430 HYPE within two days, with most of the remainder used for staking.Lookonchain estimates that this address's HYPE holdings have generated a cumulative profit of $7.24 million, representing a return rate of 1317%. The address still holds 42,417 HYPE, valued at approximately $3.7 million at the time based on the then-current price. (Bitcoin.com News)
According to monitoring by on-chain analyst Ai Yi, an address opened its first position on Hyperliquid in the early hours of today, longing 121.23 BTC with 7x leverage, worth $10.27 million, at an entry price of $84,918.9, and is currently at a loss of $20,000.