The Hyperliquid Whale who bankrupts the $ 192 million of recent crashing over the market has doubled their new short position, now uploading about half a billion in the past two days.
According to data from Hyperliquid Block Explorer Hypurrscan, the whale now has a short position worth $ 496 million, in 10x leverage and a bitcoin (Btc) Liquidation price of $ 124,270.
The whale has more than double Their stakes from yesterday, after the first opening position with $ 163 million. It even marks another aggressive move of betting against the market last week.
Related: 3 reasons why a bitcoin rally could be delayed at $ 125k
Crypto investors shot on the radar two months ago with a whopping of $ 11 billion worth of BTC on their holdings. Last week, they opened $ 900 million worth of shorts to BTC and Ether (Eth).
The whale caught attention again after opening a curious -time short position less than an hour before President Donald Trump’s tariff announcement on Friday, which led to the crypto market crash after that.
The community called the purse -owned purse as the “whale insider,” giving the unique timing of short.
Who is this infectious whale?
The identity behind the wallet was not confirmed; However, the weekend’s blockchain sleuths were directed at a potential connection to Garrett Jin, the former CEO of Bitforex, a crypto exchange today.
While Crypto researcher eye Initially it is said that it was Jin, who led the CEO of Binance to reinstate the thread to X and request verification, later commentary from sleuths as ZachXBT suggested that it was more Probably To be one of Jin’s friends.
It is essentially Jin confirmed the Connection On Sunday, after he fired back to CZ in X.
“@Cz_binance, thanks for sharing my personal and private information. To clarify, I have no connection with the Trump family or@DonaldJtrumpjr – it’s not a insider trading,” he wrote.
Less than 20 minutes later, Jin followed another post saying “The fund is not mine-it’s my clients’. We run nodes and provide in-house views for them.”
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