Hyperliquid whale holds leveraged SKHX long after earlier broader short activity

On-chain trackers reported separate Hyperliquid snapshots showing a whale’s $64.9 million all-short portfolio and, later, address 0x511 maintaining a 3x SKHX long worth about $4.942 million despite losses.

USDC
HYPE

Summary

Two market snapshots from different on-chain trackers described notable Hyperliquid whale positioning. Onchain Lens reported a wallet that had deposited 31.12 million USDC over three days, including a latest 5.12 million USDC deposit, and built a $64.9 million portfolio of short positions led by SKHX and BRENTOIL, with additional shorts in SMSN, HIMS and Nvidia. Separately, Hyperinsight said on July 24 that address 0x511 was still holding an unchanged 3x SKHX long on Hyperliquid worth about $4.942 million, consisting of 4,034 contracts entered at an average $1,622.6, showing a $1.6034 million unrealized loss, about $198,200 in net funding paid since June 26, and a liquidation price of $923.67. Because the reports point to sharply different positioning, they should be treated as separate tracker snapshots unless confirmed as the same wallet.

Terms & Concepts
  • USDC: Dollar-pegged stablecoin.
  • liquidation price: The price level where a leveraged position can be forcibly closed.
  • funding: Periodic payments between traders in perpetual futures markets.