HYPE Hits Record High Valuation as Hyperliquid Whale Dumps $27M to Exit Short

A trader known as 0x50b3 initiated a $100M+ 23x leveraged short on Ethereum amid rising tension in the Ethereum ecosystem. The post Whale opens $100 million bearish bet on Ethereum appeared first on Crypto Briefing.

A tracked onchain wallet has opened a 23x leveraged short position on ether worth $100.33 million via Hyperliquid, with the trade facing automatic liquidation if ETH climbs just $41 from its entry price. A Nine-Figure Bet Against Ether Wallet address 0x50b3 opened a 23x leveraged short on 47,604 ether ( ETH) at an implied entry […]

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HYPE has surged above its all-time highs, reaching $65 yesterday in a move that has captured the attention of the broader crypto market at a moment when most assets are struggling under selling pressure. The breakout is significant on its own terms — but data from Hyperliquid has surfaced a detail about who is accumulating the asset that adds a layer of conviction signal to the price action that the chart alone cannot provide. Related Reading: FET Exchange Supply Is Quietly Disappearing – Discover Why Traders Are Watching Closely Garrett Jin — the whale identified as the trader who placed a $735 million short position on Bitcoin immediately before the October 10 market crash, a call that became one of the most discussed and most accurate large-scale trades of the cycle — has been buying HYPE over the past four days. The accumulation totals 145,050 tokens at an approximate cost of $9.05 million. More significantly, Jin has placed a TWAP order — a time-weighted average price execution th

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A fresh wave of whale capital is beginning to move into the XRP Ledger ecosystem, and traders from Hyperliquid and Zcash communities are now turning their attention toward SurgeXRP, an emerging XRPL real estate marketplace whose presale momentum is accelerating rapidly. In just days of the presale going live, SurgeXRP’s $SGP presale has already pushed […] The post Crypto News Today: Hyperliquid & Zcash Whales Rotate Into SurgeXRP As The XRPL Real Estate Presale Explodes Past 10% Of Soft Cap appeared first on Live Bitcoin News.

Hyperliquid’s native token HYPE has surged more than 40% over the past seven days, fueled by aggressive institutional accumulation, fresh all-time highs in derivatives activity, and a major technical breakout that has traders eyeing another leg higher. According to data…