Three operations accumulated nearly ten million dollars in profit. Can ordinary people keep up?
Written by: Wenser, Odaily Planet Daily
In the recent market downturn and fluctuations, the most outstanding traders are undoubtedly those who have sought excess profits through frequent contract openings and closings on Hyperliquid. Amid the ups and downs of mainstream coins like BTC and ETH, they seem to always be able to anticipate market trends, quickly open positions, and accurately close them, earning them the title of "Insider Brother" amidst jealousy and skepticism in the community.
Currently, some retail investors regard them as "opening indicators" and have achieved real-world victories by following their trades. In light of this, Odaily Planet Daily will briefly summarize the operations of profit whales on the Hyperliquid platform and the addresses to observe for readers' reference.
Hyperliquid Becomes the New Gold Rush: Monthly Trading Volume Grows Over Fourfold in Six Months
After experiencing the baptism of political meme coins like TRUMP, MELANIA, and LIBRA, the meme phase of the cryptocurrency market has temporarily passed, replaced by the on-chain contract market, which has become the latest gold rush for countless traders.
In early February, according to a report by Messari, Hyperliquid's monthly trading volume has increased over fourfold since October 2024, indicating the platform's rapid rise in the decentralized trading market. Hyperliquid has cultivated a group of high-value, continuously active trading users, becoming the only Layer 1 alternative with a clear core user base in the market.
In late February, Hyperliquid's official announcement stated that the HyperEVM mainnet is now live, introducing general programmability into Hyperliquid's high-performance financial system. The initial release of the mainnet includes: HyperEVM blocks built as part of L1 execution, inheriting all the security of HyperBFT consensus; spot transfers between native spot HYPE and HyperEVM HYPE; and a standardized WHYPE system contract applicable to DeFi applications.
Meanwhile, on February 22, according to Degen News citing DeFiLlama data on the X platform, HyperliquidX protocol revenue reached $2.46 million in the past 24 hours, surpassing pump.fun to rank third, only behind the two major stablecoin issuers, Tether and Circle. It must be said that perhaps the trend was already evident at that time.
According to Dune data, as of March 7, Hyperliquid's number of unique users has approached 400,000; the total number of trades has reached 53 billion; and the platform's total trading volume has exceeded $19 trillion.
"On-chain Binance," terrifying indeed
Since February, many large holders have achieved impressive results on Hyperliquid—profit scales ranging from hundreds of thousands to tens of millions of dollars. Under the banner of "on-chain Binance," Hyperliquid has become a "winning ground" with substantial trading depth in the fluctuating monkey market.
Whale "Insider Trading" Operations Summary: BERA, BTC, ETH, and More Within Range
Whale Operation: Shorting BERA for $589,000 in Profit in 2 Hours
In early February, according to Lookonchain monitoring, after BERA went live, a whale earned $589,000 by shorting BERA in less than 2 hours. This whale deposited $1.6 million into Hyperliquid 16 hours prior and shorted BERA at a price point of $13, realizing a profit of $589,000.
Observation Address:
https://hypurrscan.io/address/0x0eC0A15e5763ED97A85e860fDCCd7D1e082b5AA9
It is worth mentioning that this address has now fully liquidated.
Whale Operation: Shorting ETH with 50x Leverage, Floating Profit Exceeds $62.4 Million
At the end of February, according to Onchain Lens monitoring, a whale shorted ETH on HyperLiquid with 50x leverage, at that time floating profits exceeded $62.4 million.
Observation Address:
https://hypurrscan.io/address/0x20C2d95a3Dfdca9e9AD12794D5fa6FaD99dA44f5
Currently, this address still has $98 million in contract positions.
Suspected Insider Brother: Long ETH and BTC During Major Drop, Holding 88,500 ETH, $6.83 Million Profit in 24 Hours
According to on-chain analyst Ai Yi's monitoring, the 88,510 ETH long position of a user on Hyperliquid with 50x leverage has been fully liquidated for profit, and they have now started to take profits on Bitcoin, with 315 BTC remaining.
This address previously opened a long position worth over $200 million with a principal of 6 million USDC. Among them—ETH: 49,384, opening price $2,196, liquidation price $2,133.9; BTC: 1,260, opening price $85,671, liquidation price $84,629. Subsequently, this address added 914 ETH and 41 BTC to their long position.
The subsequent story is well-known; Trump directly called out XRP, SOL, ADA, BTC, ETH, claiming to establish a cryptocurrency reserve. Due to this news, the address once floated a profit of $646,000. Because of the extreme timing of the opening and closing points, many in the market speculated that they might be related insiders close to Trump. Although this view was later refuted by Coinbase executive Conor Grogan, as their funding source was from phishing scam funds, the truth remains unknown.
Currently, this address has fully liquidated.
Observation Address:
https://hypurrscan.io/address/0xe4d31c2541A9cE596419879B1A46Ffc7cD202c62
Insider Brother Strikes Again: Opens a $13.45 Million Bitcoin Short
In early March, according to ai_9684 xtpa monitoring, with 20 minutes left until the US stock market opened, the "Hyperliquid 50x leverage long BTC and ETH whale" opened a $13.45 million Bitcoin short, still at 50x leverage and still at a sensitive time, just switching from long to short with a significantly smaller position; this time the opening price was $93,117.5, liquidation price $94,083, and at one point floating a loss of $60,000. However, soon, this address ultimately exited with "nearly $300,000 in profit" successfully.
Institutional Operation: 50x Leverage Opens a $139 Million ETH Short, Floating Profit of $78.19 Million
On March 4, according to Hypurrscan data, a whale opened a $139 million ETH short on Hyperliquid with 50x leverage, floating a profit of $78.19 million, with a liquidation price of 3,507 USDT. Subsequently, it was learned that this position was actually opened by the stablecoin USR maintenance protocol Resolv Labs.
Observation Address:
https://hypurrscan.io/address/0x20c2d95a3dfdca9e9ad12794d5fa6fad99da44f5
Currently, this address has a contract position valued at approximately $97 million.
Suspected Insider Brother Hat Trick: 50x Leverage Long ETH, $2.15 Million Profit in 40 Minutes
Just this afternoon, according to on-chain analyst Ai Yi's monitoring, the "Hyperliquid 50x leverage long BTC and ETH whale" recharged 1.95 million USDC as margin and opened a 50x ETH long position, holding 27,809 ETH (approximately $57.88 million), with an opening price of $2,057.49 and a liquidation price of $2,008.
Shortly after opening, ETH rose to a maximum of $2,149, and ultimately, they closed all positions for profit, earning $2.15 million in less than 40 minutes. As of now, they have accumulated a profit of $9.28 million through three leveraged trades.
Observation Address: https://hypurrscan.io/address/0xf3F496C9486BE5924a93D67e98298733Bb47057c
Whale Operation: $4.06 Million USDC Long BTC, Floating Profit of $589,000
On March 6, according to Lookonchain monitoring, a dormant wallet sold 1,863 ETH at an average price of $2,181, earning $4.06 million USDC. Subsequently, this address deposited $4.06 million USDC into Hyperliquid and went long on BTC at a price of $89,930 with 20x leverage, floating a profit of $589,000, with a liquidation price of $75,186.
Observation Address:
https://hypurrscan.io/address/0x523b21F469825D0104ac6A3c762a955EeDb75e5B
Summary: Eating Meat and Drinking Soup, All Depends on Speed
Currently, it seems that the suspected Insider Brother has an unusually high win rate in long and short operations. Their true identity could be a hacker from phishing scams, but it cannot be ruled out that they are an insider or a colluding whale.
Given that Hyperliquid's infrastructure is still immature, current followers rely heavily on speed. Odaily Planet Daily reminds that in uncertain market conditions, leverage should be used cautiously, and proper risk control should be in place before choosing a "big brother."
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