The “50x leverage giant whale” on the Hyperliquid platform (known in the community as the “Insider Brother”) shorted $BTC and $ETH with high leverage and quick moves during a downturn in the cryptocurrency market, raking in $22 million, especially by extracting $2 million from Hyperliquid through “liquidation” operations, forcing the platform to reduce leverage and modify rules, truly leading the cryptocurrency scene.

Who exactly is the “Insider Brother”? Here are three major speculations about the identity of the “Insider Brother” 🆔:

  • Independent giant whale: This could be an individual trader with substantial funds, possibly having accumulated initial capital through illegal means (such as phishing scams), and subsequently using advanced trading skills to amplify profits. Coinbase executive Conor Grogan has pointed out that their funds may have originated from phishing scams.

  • Team operations: Behind this could be a small professional team, including technical experts (on-chain analysis), traders, and fund managers, collectively designing and executing these strategies. The high transparency of Hyperliquid provides them with rich on-chain data support.

  • Transitioned hacker: If the funds indeed come from scams, this could be a person who transitioned from being a hacker to a trader, using technical skills and market knowledge to launder money and pursue greater profits.

  • Insider: Their precise judgment of the market has led some to suspect they are a senior White House official, possessing a wealth of insider information. The accuracy of their trading timing raises doubts about their potential access to insider information, such as clues related to the Trump team or policymakers. However, based on current news, this possibility seems lower.

The trading model of the “Insider Brother” reflects an extreme application of high leverage, precise timing, and platform rules. Behind this is likely a person or team with a quantitative trading background, high intelligence, and confident risk-taking. Their identity could be an independent giant whale, a professional team, or a transitioned hacker, but regardless of which, their market insight and execution capabilities are top-notch. The truth remains unclear, but their actions have profoundly impacted the Hyperliquid ecosystem and may even prompt the platform to improve its risk control mechanisms. Looking forward to the day when their identity can be uncovered!