On-Chain Data: $57.5 Million Short Position from a Crypto Whale
According to blockchain analysis, a high-volume crypto investor (whale) starting with the address '0xa31...' has been actively trading on the Hyperliquid platform since June 12. This whale has opened short positions in a total of 16 different altcoins, primarily Ethereum (ETH), Pepe (PEPE), and Dogecoin (DOGE).
This whale, whose total position size reached $57.5 million, has 14 of the positions opened currently in profit and there is a potential profit of $3.56 million that has not yet been realized.
Featured Transactions: Huge Profits in DOGE and XRP
The whale seems to have made the largest gains from DOGE and XRP transactions:
Profit from DOGE short position: $2.49 million
Profit from XRP short position: $1.41 million
However, not every transaction is profitable. Especially the short position on the HYPE token currently stands out as the biggest loss item with approximately $3.19 million in losses.
Funding Revenue is Also Remarkable
In just the last three days, funding fee revenues from open positions reached $2.275 million. This figure indicates that the whale's strategic positioning is based not only on price movements but also on market structures.
List of Shorted Altcoins
The crypto assets that the whale shorted on Hyperliquid are as follows:
Bitcoin (BTC)
HYPE
XRP
Ethereum (ETH)
kPEPE
FARTCOIN
Dogecoin (DOGE)
Solana (SOL)
Sui (SUI)
INIT
LAUNCHCOIN
PENGU
Worldcoin (WLD)
POPcat
Litecoin (LTC)
MOODENG
General Assessment
This volatility indicates that short-term bearish expectations have increased in the market and that some institutional or high-volume players are trying to benefit from this trend through hedging or speculative positions.
At the same time, the high revenue generated from funding fees suggests that such players operate with deep knowledge of market structures as well as price direction.
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