
Blockchain analytics platform Lookonchain reported a surge in large long positions on Hyperliquid, highlighting growing activity from whale traders.
Leading the move, wallet 0x535e opened a 10x long position in 145,310 HYPE valued at $6.78 million.
Meanwhile, wallet 0xc77b followed with another 10x long on 100,000 HYPE worth $4.66 million.
Adding to the momentum, wallet 0xe7ec also opened a sizable long position with 5x leverage involving 92,015 HYPE, valued at approximately $4.3 million.