According to Onchain Lens, the five largest long liquidations on Hyperliquid today were: an ETH long down 26.46 million USD by whale 0xB8B, a SOL long down 21.46 million USD by whale 0x9AF, an AVAX long down 17.2 million USD by whale 0xb2c, an XPL long down 16.32 million USD by whale 0x89d, and an ETH long down 15.38 million USD by whale 0xd5f (source: Onchain Lens). According to the same source, these top five liquidations totaled 96.82 million USD, with ETH accounting for 41.84 million USD across two positions, SOL 21.46 million USD, AVAX 17.2 million USD, and XPL 16.32 million USD, all on Hyperliquid (source: Onchain Lens).

According to @KookCapitalLLC, a prominent crypto trader, recent trading activity shows a shift from staking Solana (SOL) winnings to liquidating SOL for HYPE tokens and staking those on Hyperliquid. This rotation, which has been ongoing since fall 2023, signals a notable change in trading strategies among meme coin winners, potentially impacting SOL liquidity and driving increased attention to HYPE and Hyperliquid staking yields. Such trends may affect short-term SOL price action and contribute to heightened volatility as traders follow this rotation pattern (source: Twitter/@KookCapitalLLC, June 3, 2025).