[Analysis: Identification of Hyperliquid Institutional Trading Wallets Sparks Privacy Debate] Previously, the on-chain analyst Eye, who uncovered the '1011 Insider Whale,' posted on the X platform stating that some institutional traders active on the decentralized contract trading platform Hyperliquid showed discomfort after their on-chain trading wallets were identified. Some even proactively contacted the on-chain analysts, pressuring them to stop disclosing related information, primarily due to concerns that their loss-making trades might be exposed to the public. Eye emphasized that blockchain ledgers are public records, and related transaction data can be traced on-chain.