According to The Data Nerd, a whale deposited 2.51 million USDC into HyperliquidX and opened a 40x long position at an entry price of $78,216. Two hours ago, the whale closed 20% of the position, realizing a profit of approximately $2.5 million. Currently, the whale's unrealized profit is about $4.27 million. Source: The Data Nerd's Twitter account.

According to Lookonchain, Hyperliquidity Provider (HLP) experienced a loss of approximately $12 million in the last 24 hours due to a market squeeze. The wallet 0xde95 shorted $JELLY on the HyperliquidX platform and subsequently removed the margin, which led HLP to passively liquidate $4.5 million in short positions. Moreover, a newly created wallet, 0x20e8, opened a long position, further impacting the market dynamics. This incident underscores the risks associated with liquidity provision and short positions during volatile trading periods.

According to Lookonchain, Hyperliquidity Provider (HLP) incurred a loss of approximately $12 million in the last 24 hours due to a market squeeze involving $JELLY on HyperliquidX. The user '0xde95' initiated short positions and withdrew the margin, leading to HLP's passive liquidation of $4.5 million in short positions. Concurrently, a new wallet '0x20e8' opened a long position, influencing the market dynamics significantly.

According to Milk Road, the examination of $HYPE involves a detailed analysis of HyperliquidX's team, product, competitive moat, total addressable market (TAM), tokenomics, community engagement, and valuations. This comprehensive evaluation is essential for traders considering whether to incorporate $HYPE into their portfolios, as it provides insights into the project's long-term viability and potential market impact.

According to @milesdeutscher, HyperliquidX has significantly captured market share from major centralized exchanges like OKX and Bybit, achieving over 20% of their volumes. Notably, this growth surged after the conclusion of their $HYPE incentive program, indicating sustainable user engagement and trading volume increases without relying on promotional incentives.