If you ever wanted evidence that whales are just fucking around with price to make profits
2 min read
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
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