According to @lookonchain, address 0xa523 lost over $35 million on an ETH long, then flipped short and realized an additional $614,000 loss about an hour later, source: Lookonchain on X, Sep 8, 2025. The address still holds a short position of 1,351 BTC with an estimated notional value of around $150 million, source: Lookonchain on X; hyperdash.info trader page for address 0xa5232e97b4ded3d2EF25Be059c3489e61Be475Aa.

According to @lookonchain, on-chain whale address 0xa523 closed all ETH long positions with realized losses exceeding 36 million dollars, source: Lookonchain on X, Sep 5, 2025. The same address then opened a BTC short with 25x leverage totaling 1,107 BTC valued at 122.4 million dollars, source: Lookonchain on X, Sep 5, 2025.

According to @lookonchain, over the past 12 hours whale wallet 0xa523 sold 886,287 $HYPE worth $39.66M and 1.63M $Fartcoin worth $1.27M, realizing a $1.14M loss to rotate into a leveraged $ETH position, source: @lookonchain. The address opened a 15x long totaling 51,691 ETH ($226.7M), currently down more than $13M with a stated liquidation price at $4,075.7, source: @lookonchain.

According to @lookonchain, whale address 0xa523 deposited another 19.38M USDC into Hyperliquid within the past 5 hours to buy more $HYPE, source: @lookonchain. The activity signals continued $HYPE accumulation by the same address on Hyperliquid, offering a clear on-chain flow datapoint for short-term HYPE order flow tracking, source: @lookonchain.