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SILVER Token on Hyperliquid Rises 5.2% as Major Whale Gains $470,000

New Hyperliquid data points instead to a large CRCL long, with the top position showing about $460,000 in unrealized profit as the contract traded below an intraday high of $121.

HYPE

Summary

Hyperliquid market data in the new update focuses on CRCL rather than SILVER. CRCL rose to an intraday high of $121, while the Hyperliquid contract was priced at $117. The largest CRCL long on the platform showed an unrealized profit of about $460,000, or 38%, on a $4.33 million position with an average entry of $104. The same address also held the largest on-chain EWY long worth about $6.5 million, and its weekly account profit reached $850,000. This new information differs materially from the prior SILVER-focused report.

Terms & Concepts
  • Hyperliquid: A decentralized crypto derivatives platform where users trade on-chain perpetual contracts and other leveraged products.
  • long: A position that benefits if an asset’s price rises, with profit increasing as the market moves above the entry level.
  • unrealized profit: A paper gain on an open position based on current market prices that has not yet been locked in by closing the trade.