The Hyperliquid trend has attracted smart money, but outcomes remain split as profits and losses highlight the volatility of this emerging market.
Trader 0x37c (believed to be GiganticRebirth, GCR)
Renowned for shorting altcoins at the 2021 peak and correctly predicting LUNA’s collapse in 2022, GCR continues to showcase sharp market instincts. Wallet 0x37c topped up with 3.16M USDC and currently holds a $15.48M portfolio. The holdings are dominated by $HYPE (53.7%), $HFUN (20.9%), and $PURR (17.6%). GCR’s impressive moves have resulted in a $12.58M profit (+397%), solidifying his legendary status.
Whale 0x9b4
Not all players are sharing the same success. Wallet 0x9b4, which once earned $6.27M from $BRETT and $DEGEN trades on the Base network, now faces losses. After depositing 18.2M USDC and withdrawing 7.1M USDC, the portfolio sits at just $282K. The majority of funds are in $HFUN (91.1%), followed by $FLASK (6.7%) and $FATCAT (2.2%). The whale’s current loss amounts to $4.11M (-39.3%), underscoring the high-risk nature of the Hyperliquid trend.
https://twitter.com/spotonchain/status/1868644404749373477?t=_MVu9SluATZ3sEjUbTWpzA&s=19
Whales Fueling $HYPE and $PURR
Large players continue to pour funds into Hyperliquid, focusing on tokens like $HYPE and $PURR. Wallet 0x0013…5D22 deposited 9.66M USDC, using $4.8M to purchase 166,913 $HYPE and $4.14M for 6.48M $PURR. Similarly, wallet 0xCA97…651E deposited 4.26M USDC, acquiring 125,252 $HYPE ($3.57M) and 1.88M $PURR ($1.19M).
https://twitter.com/lookonchain/status/1868859597060231272?
The Hyperliquid ecosystem’s appeal among top traders and whales reflects its growing prominence. However, the contrasting results between profit-makers like GCR and struggling participants reveal the fine line between gains and losses in this volatile market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: nahumam/123RF // Image Effects by Colorcinch
