On September 9th, according to on-chain data, a certain whale deposited 2,930 $ETH (approximately $12.60 million) into Hyperliquid yesterday and sold them all. Subsequently, he bought 209,000 $HYPE (approximately $11.30 million) and simultaneously shorted an equal amount of $HYPE on perpetual contracts, keeping the position delta neutral.
A few hours later, he adjusted his operations, closing the short positions, turning the position into a one-way directional position. Then, he transferred $HYPE to HyperEVM, performed liquidity staking on Kinetiq, and provided liquidity on Pendle.
On September 9th, according to on-chain data, a certain whale deposited 2,930 ETH (approximately $12.60 million) into Hyperliquid yesterday and sold them all. Subsequently, he bought 209,000 HYPE (approximately $11.30 million) and simultaneously shorted an equal amount of HYPE on perpetual contracts, keeping the position delta neutral.
A few hours later, he adjusted his operations, closing the short positions, turning the position into a one-way directional position. Then, he transferred HYPE to HyperEVM, performed liquidity staking on Kinetiq, and provided liquidity on Pendle.