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Infamous Hyperliquid leverage trader closes $520 million short BTC position, netting $9.4 million profit

Infamous Hyperliquid leverage trader closes $520 million short BTC position, netting $9.4 million profit

The BlockThe Block2025/03/18 16:00
By:By Danny Park

Quick Take A trader closed their leveraged bitcoin short position of $520 million on Hyperliquid, netting a profit of $9.4 million. Onchain sleuth ZachXBT claimed the trader was a “cybercriminal gambling with stolen funds.”

Infamous Hyperliquid leverage trader closes $520 million short BTC position, netting $9.4 million profit image 0

On Tuesday, an infamous trader nicknamed the "Hyperliquid whale" closed a leveraged short bitcoin position of over half a billion dollars on the decentralized perpetual trading platform.

Blockchain analytics platform Spot On Chain identified the trader's wallet address as "0xf3F…7057c." The wallet had a short position of 6,210 BTC ($520 million) with a 40x leverage, using $8 million in actual funds. On Tuesday, the trader exited the position with over $9.4 million profit, data from block explorer Hypurrscan shows .

The same person is believed to have previously built a long position in ether, reaching over $300 million last week. This position was later liquidated, leaving Hyperliquid's HLP (Hyperliquidity Provider) vault with a $4 million loss.

According to Hypurrscan data , "0xf3F…7057c" currently holds a 5x long position on the Melania memecoin worth $3.3 million. 

Meanwhile, blockchain sleuth ZachXBT claimed on X that this trader could be a cybercriminal. "It’s funny watching CT speculate on the “Hyperliquid whale” when in reality it’s just a cybercriminal gambling with stolen funds," he commented.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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