"20 million Wave Hunter" takes profit in batches on HYPE and XPL short positions, with a profit of $30.5 million in the past week.

GateUser-6433627c · 2026-01-09T08:54:38+00:00

On January 9th, Coinbob monitoring showed that the address "20 million Wave Hunter" gradually closed HYPE and XPL short positions, with the HYPE short position totaling approximately $38.2 million, becoming the largest short whale on Hyperliquid. The address's holdings increased from $111 million to $149 million, with an unrealized profit of about $9.5 million.

GateUser-6433627c

2026-01-09 08:54:38

Abstract generation in progress

On January 9th, according to Coinbob’s popular address monitoring, in the past 6 hours, “20 million wave hunter” (0x880a) has gradually closed positions in HYPE and XPL short positions. Currently, the HYPE short position holds approximately $38.2 million, with an average price of $31.3, a liquidation price of $42.7, making it the largest short whale on Hyperliquid for HYPE. Previously, this address’s holdings were highly concentrated in ETH and HYPE shorts, accounting for up to 98.6%. Recently, it has diversified some funds into short positions in assets like BTC, SOL, and kPEPE, with the total account holdings increasing from $111 million ten days ago to $149 million now. Its main holdings are as follows:

12x ETH long: approximately $62.89 million, average price $3108, unrealized profit $400,000;
5x HYPE long: approximately $37.60 million, average price $31.3, unrealized profit $8.33 million;
11x BTC long: approximately $14.76 million, average price $91,800, unrealized profit $250,000.

This address has been engaged in high-frequency multi-asset swing trading for a long time, with an average holding period of about 20 hours. Since October, it has realized nearly $100 million in profit with an initial capital of about $20 million. Due to the market rally this morning, its intraday unrealized profit has retraced by approximately $9.55 million. It still holds unrealized profits of about $9.5 million, with recent weekly profits reaching $30.5 million.

HYPE-2,67%

XPL1,21%

ETH-0,91%

BTC-0,67%

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