If you ever wanted evidence that whales are just fucking around with price to make profits
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Hyperliquid is an on-chain dex, meaning everyones orders and executions are viewable on chain. One website to do that is a community project: https://hypurrscan.io/ I was watching the page, and saw a massive Sell TWAP come in (and then shorted myself..) Looking at the address, though, I found something pretty interesting, they have 6 million hype. Do they just sell? Nope. First, they open a 50k short at 24.8: Then they execute a 20k 20 minute sell TWAP: Edit: They added a second 60k 30 minute sell TWAP: Covering their ETH losses I presume.. What does the price do? Notice where it bottoms out. Right around their original buy price; 22.368$. This is just one of their sub-accounts. It *only* holds6 MM of Hype. God knows what their other addresses hold. Edit 2: Hahahah, guess when they cancelled their TWAP: submitted by /u/Sombre_Ombre |
