Crypto Whale Makes $3.5M Shorting Altcoins on Hyperliquid
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
An address beginning with 0xa31 has spent the week leaning hard against the alt-market on Hyperliquid.
Since 12 June the trader has opened shorts on 16 different tokens worth a combined $57.5 million and is already sitting on roughly $3.56 million in unrealised gains—plus another $2.27 million collected in funding fees.
Most of the downside bet is aimed at large-cap names such as ETH, DOGE, PEPE and XRP. So far DOGE has delivered the biggest win at $2.49 million, with the XRP position close behind at $1.41 million.
The lone outlier is a short on HYPE, currently underwater by about $3.19 million.
Alongside the headline names, the whale is also short smaller or novelty tokens including PEPE, FARTCOIN, LEFT, SUI, INIT, LAUNCHCOIN, PENGU, WLD, POPcat, LTC and MOODENG, as well as Bitcoin itself, bringing the running tally to sixteen separate positions—fourteen of which are in the black at press time.
Commentaries 
Fill in necessary fields and publish