Hype Price draws 13% in the middle of the cryptocurrency whale trading frenzy

The hyperliquid -native media threshing jumped 13% on May 26, reaching $ 39.9, a summit of all time, while the momentum has become strongly bull.

The overvoltage followed after a whale closed $ 1 billion in Bitcoin short positions built with a 40x lever effect, after a loss of $ 15.87 million in just 15 hours, by Lookonchain.

The token is currently negotiating at $ 38.59 at the time of the press, marking an impressive 11% increase in the last 24 hours.

Attention is intensifying while whales place positions of $ 1 billion on hyperliquid

The eminent crypto merchant James Wynn last week closed a massive theoretical position of $ 1.25 billion on Bitcoin using a 40x lever effect on the onchain decentralized Exchange (Dex) hyperliquid.

He then returned the bitcoin, going from long to short. On Sunday, Wynn opened a short position of the BTC of 1,038.7 BTC (111.8 million dollars) at $ 107,711.1, with a liquidation price of $ 149,100.

With whales like Wynn placing positions of a billion dollars on the hyperliquid, the attention around the protocol has intensified. Merchants bet that early regulatory engagement could further legitimize the upward trend in media threw.

A merchant wrote on X that “growth has reached the ceiling”, adding that there are strong competitors.

“Although there are many extraordinary giants and people supporting media threshing, I think that the best short -selling target with great capacity, good liquidity and the clearest logic can be overhaul.”

In addition, James Wynn withdrew 28 million USDC from hyperliquid, with a profit of $ 25.2 million. According to Lookonchain Post on Monday, he carried out 38 professions on the hyperliquid in the last 75 days. Among these trades, 17 were profitable with a 45%victory rate, the post read.

Hyperfnd x raped account

Meanwhile, hyperliquid reported that the official hyperfnd account had been compromised on Saturday.

“The hyperliquid blockchain is not affected. Do not interact with the links or tweets of this account”, the protocol was published on X.

According to the last update on Monday, Hyperliquid said that the team had carried out an “in -depth investigation” with the security of X.

“There was no compromise of internal systems, emails or associated identification,” said the update. “The equipment 2FA was not affected.”

The community has warned users of any project and not only of the hyperliquid, to remain vigilant and to verify the shared news on all social media accounts. “If an announcement seems suspicious, do not interact,” warned the team.

The post Hype Price draws 13% in the middle of the trading of the crypto whale appeared first on Cryptonews.

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