News linked to both this project and an event.
According to on-chain analytics platform Lookonchain (@lookonchain), trader Evaded (@ICanPlug) recently opened a 10x-leveraged long position, purchasing 36,875 ZEC (average price: $585.50, ~$21.59 million) and 287,618 HYPE (average price: $48.03, ~$13.89 million). The current unrealized profit stands at $2.1 million.
According to independent analyst Markus Thielen, HYPE has become one of the strongest-performing tokens in the crypto market since the outbreak of the Iran conflict, surging over 100% from its 2026 lows—with particularly pronounced outperformance relative to Bitcoin. The core driver behind this strength lies in Hyperliquid’s ongoing expansion beyond crypto into other asset classes, having successively launched TradFi-linked products such as oil and SpaceX perpetual contracts, thereby attracting substantial capital inflows. Thielen notes that this trend reflects a broader acceleration by crypto exchanges into high-volatility, topical traditional financial derivatives—and signals that the intrinsic value of crypto infrastructure itself is gradually surpassing the crypto narrative. Although HYPE is already a highly crowded long position with strong conviction among market participants, its current momentum remains robust.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), a16z (@a16zcrypto) may have become the sixth-largest HYPE holder—and the largest external holder, assuming the top five holders are all entities within Hype’s own ecosystem. Data shows that a16z initiated large-scale accumulation of HYPE in August 2025, acquiring a total of 9.18 million HYPE tokens (approximately $356 million) at an average purchase price of $38.77 per token. After deducting amounts transferred to exchanges and market makers, a16z still holds 8.844 million HYPE tokens, distributed across dozens of addresses. Within just the past 11 hours, a16z added another 206,000 HYPE tokens (approximately $9.95 million) to its holdings. Since April 16, it has accumulated 2.35 million HYPE tokens (approximately $102 million); and since 2026, it has accumulated 4.92 million HYPE tokens (approximately $183 million). At current prices, its unrealized profit per token stands at $79.29 million.
according to Lookonchain monitoring, over the past 10 hours, a whale sold 50,000 HYPE, worth $2.41 million, while simultaneously opening a 10x leveraged short position of 223,404 HYPE, valued at $10.55 million.
Odaily Planet Daily reported that according to Lookonchain monitoring, a whale (0x4c6...828) associated with a16z created a new wallet. Over the past 10 hours, it purchased 206,325 HYPE, worth $9.95 million, and has staked them. Since April 14, this whale has accumulated a total of 2.34 million HYPE, with a total value of $102 million.
According to Onchain Lens monitoring, a whale withdrew 85,226 HYPE from Bybit, valued at $4.08 million. This address has accumulated a total of 2.22 million HYPE over the past month, valued at $105.75 million.
According to on-chain analytics platform Lookonchain (@lookonchain), trader 0x082e went long on 1.38 million HYPE tokens with 5x leverage over six months ago, establishing a position worth approximately $66.3 million at the time—making them the largest bullish HYPE trader on-chain. As HYPE’s price declined, the position incurred unrealized losses exceeding $25 million; however, following HYPE’s rebound, the position has turned profitable and currently holds unrealized gains of about $12.9 million.
According to Hyperbot data, a certain address recently closed its short positions in BTC and ETH simultaneously for profit taking. Among them, approximately 363.2 BTC (about $27.8 million) was closed at a price of around $76,774, and approximately 2,808 ETH (about $5.98 million) was closed at a price of around $2,130, with a total closed position size of approximately $33.8 million.After completing the profit taking, this address immediately placed new short orders: planning to short approximately 257.2 BTC (about $40 million) in the $77,500–$78,000 range, and short approximately 4,484 ETH (about $10 million) around the $2,230 level. This overall indicates that the address maintains a bearish trading strategy and engages in high-frequency position switching.
According to monitoring by Onchain Lens, a certain whale holds a 5x leveraged long position on HYPE, with a position of 1.38 million tokens. Valued at approximately $48 per token, the position is worth $66 million. The current unrealized profit exceeds $12.7 million, with $2.3 million already paid in funding fees. The entry price is $40.44, and the liquidation price is $37.96.
that, according to on-chain analyst Ai Yi's monitoring, a large-scale long-short confrontation has emerged in HYPE. The TOP1 and TOP2 whale positions are acting as counterparties to each other, with a total scale exceeding $60 million, as the market enters a critical phase of the game. Details are as follows:Whale Loracle holds a 5x leverage short position of 1.44 million HYPE, valued at approximately $68.43 million, with an entry price of about $42.55. It is currently facing an unrealized loss of roughly $7.004 million.Meanwhile, address 0x082…dca88 holds a 5x leverage long position of 1.38 million HYPE, valued at approximately $65.37 million, with an entry price of about $38.67. It is currently showing an unrealized profit of roughly $11.98 million.
According to Onchain Lens, whale Loracle.hl (@loraclexyz) has further increased its 5x leveraged short position on HYPE to 1.44 million coins, with a position value of $69.3 million and a liquidation price of $69.64. The current unrealized loss stands at approximately $8 million.
According to SoSoValue data, yesterday (May 18, Eastern Time), HYPE spot ETFs recorded a total net inflow of $4.418 million in a single day.The HYPE spot ETF with the highest net inflow yesterday was the 21Shares Hyperliquid ETF (THYP), posting a daily net inflow of $2.3734 million. Its total historical net inflow has now reached $12.901 million.Following that was the Bitwise Hyperliquid ETF (BHYP), with a single-day net inflow of $2.0446 million, bringing its total historical net inflow to $2.0446 million.As of press time, the total net asset value of HYPE spot ETFs stands at $185.854 billion, with a net asset ratio of 0.17% for HYPE. The cumulative historical net inflow has reached $69.428 billion.
According to on-chain analyst Onchain Lens (@OnchainLens), a wallet associated with Anchorage purchased 397,000 $HYPE tokens from Bybit and OKX, valued at approximately $18 million. Over the past month, this wallet has accumulated a total of 2.13 million $HYPE tokens, with a total value of approximately $91.99 million.
According to Lookonchain monitoring, a whale's 10x leveraged HYPE short position is now showing an unrealized loss of $1.26 million, with the position currently holding approximately 375,033 HYPE, valued at $17.5 million.
according to Onchain Lens monitoring, whale Evaded has opened 10x leveraged long positions on ZEC and HYPE. The current portfolio holds 36,875 ZEC and 87,000 HYPE, valued at $24 million.
on-chain analyst Specter stated that the hijacking incidents of investor Keith Gill, Matt Furie, and WinRAR accounts on the X platform are all linked to the same hacker organization. This organization has accumulated over $14 million in profits by hijacking accounts to promote tokens and conducting cross-chain money laundering, with funds flowing through five chains: Solana, BNB Chain, Ethereum, Tron, and Hyperliquid.Specter claims the organization may also be connected to a $2.45 million wstETH phishing attack in 2024. The investigation found that hackers used compromised accounts to issue Pepe imitation tokens, incorporating a built-in 2% automatic fee mechanism to generate profits; related fund flows are associated with the bnbshare.fun platform and multiple Solana, Tron, and Ethereum addresses. Analysis also showed that several tokens (including USOR, VDOR, DROID, WCOR, UGOR) were used to inflate market caps before being dumped to zero.
According to on-chain analyst “Aunt Ai,” a major short position holder who initially shorted 300,000 HYPE tokens has added another 75,000 HYPE to their short position tonight. Their current total short position now stands at 375,033 HYPE, valued at $16.02 million, with an average entry price of $43.298 per token and a floating profit of $225,000.
According to Onchain Lens monitoring, a whale sold 213,419 HYPE tokens at $41.84 each, generating $8.93 million and realizing a profit of $2.8 million. Over the past two months, the whale purchased 467,188 HYPE tokens at an average price of $35.59, spending $16.63 million; it currently holds 253,769 HYPE tokens, valued at approximately $10.5 million.
Odaily reports, according to monitoring by EmberCN, Hyperliquid's largest long position holder holds 114,000 ETH in long positions, valued at $259 million. This long position has shifted from an unrealized profit of $13 million to a current unrealized loss of $10 million. The trader opened a long position of 99,000 ETH at a price of $2,270 at the end of April, subsequently adding two smaller positions, bringing the total ETH long position to 114,000 ETH, with an average cost of approximately $2,268. Ten days ago, when ETH was priced at $2,400, the position showed a $13 million unrealized profit. Currently, with ETH priced at $2,180, the position shows a $10 million unrealized loss.
Odaily Chainalysis posted on X platform, stating that prior to the THORChain theft, wallets suspected to be linked to the attacker had been transferring funds through Monero, Hyperliquid, and THORChain for several consecutive weeks. As early as late April, the attacker-associated wallets deposited funds into Hyperliquid positions via Hyperliquid and the Monero privacy bridge. These funds were subsequently converted to USDC and transferred to Arbitrum, then bridged to Ethereum. Some of the ETH was then moved to THORChain to stake as RUNE for a newly joined node, which is believed to be the source of the attack.Subsequently, the attacker bridged a portion of the RUNE back to Ethereum and split it into four chains. One chain went directly to the attacker, passing through intermediate wallets before transferring 8 ETH to the wallet that would ultimately receive the stolen funds, just 43 minutes before the attack. The funds from the other three chains flowed in reverse. Between May 14 and 15, these wallets bridged the ETH back to Arbitrum again, deposited it into Hyperliquid, and transferred it into Monero via the same privacy bridge, with the final transaction occurring less than 5 hours before the attack commenced. As of Friday afternoon, the stolen funds remain untouched, but the attacker has demonstrated sophisticated cross-chain money laundering capabilities. The Hyperliquid to Monero path may be the next move.