News with the tag "Hyperliquid whale"

A whale recently took out a $1.1 billion leveraged long position on Bitcoin via the decentralized exchange (DEX) Hyperliquid. The enormous trade, reportedly made with 40x leverage, is believed to be the first time a position has crossed the billion-dollar threshold on the platform. The trader behind...

Crypto detective ZachXBT alleged that the mysterious “Hyperliquid whale” that’s been making headlines across the crypto community is suspected to be a convicted criminal from the UK. The trader has made around $20 million in profit from leveraged trading, raising questions about their identity. Rela...