If you ever wanted evidence that whales are just fucking around with price to make profits

Hyperliquid is an on-chain dex, meaning everyones orders and executions are viewable on chain. One website to do that is a community project: https://hypurrscan.io/

I was watching the page, and saw a massive Sell TWAP come in (and then shorted myself..)

Looking at the address, though, I found something pretty interesting, they have 6 million hype.

https://preview.redd.it/7ogg4tgzgshe1.png?1810&format=png&auto=webp&s=37076ee3f2c465d02cb5ca4e9a3cd3589c09f579

Do they just sell? Nope.

First, they open a 50k short at 24.8:

https://preview.redd.it/mufptg2vgshe1.png?1839&format=png&auto=webp&s=78d8283edfbd47c73ed2acf47606595df51b46a7

Then they execute a 20k 20 minute sell TWAP:

https://preview.redd.it/gszmr3v3hshe1.png?1569&format=png&auto=webp&s=c480f8827b558b2112eb55e4f43a7779d1198d09

Edit:

They added a second 60k 30 minute sell TWAP:

https://preview.redd.it/8blg692kjshe1.png?1932&format=png&auto=webp&s=0ce013dc4da45ff1d78c4a791416ddf6e1f5576c

Covering their ETH losses I presume..

What does the price do?

https://preview.redd.it/atchfx2uhshe1.png?566&format=png&auto=webp&s=2ba8281f5ece3e5ea18505a88f20b3d3456d4fe1

Notice where it bottoms out. Right around their original buy price; 22.368$.

This is just one of their sub-accounts. It *only* holds6 MM of Hype. God knows what their other addresses hold.

Edit 2:

Hahahah, guess when they cancelled their TWAP:

https://imgur.com/a/tiZQc4C