Recent rumors about a whale investing $20.5 million in short trading on the Hyperliquid platform have sparked debates. Verified data confirms the lack of evidence for this information.
Unfounded Rumors of Short Trading
According to reports, a whale deposited $20.5 million across multiple addresses on Hyperliquid aiming to create a 'basket' short covering ETH, BTC, SOL, HYPE, DOGE, and other assets. However, there are currently no corroborated sources supporting the existence of such transactions.
Ethereum and HYPE Price Analysis
As of July 12, 2025, Ethereum was trading at $2,951.83 and had a market capitalization of $356.33 billion, making up 9.75% of market dominance. The trading volume in the past 24 hours reached $36.07 billion, reflecting a 5.76% change. Over the last 90 days, a 79.73% increase has been observed. Verified data shows large investors accumulating HYPE.
Expert Opinions on HYPE Market
The rapid growth of HYPE's popularity aligns with the blockchain's historical shift towards token-specific investments over traditional assets like ETH or BTC. Research indicates that such a focus may bring increased volatility to Hyperliquid if sustained investment shifts occur.
Despite their allure, rumors of short trading on Hyperliquid currently lack verification. Market trends indicate accumulation of HYPE, which may influence the future trading landscape.
