Hyperliquid Spot Market Records $11.5M Net TWAP Inflows in 24 Hours as Whale Buys 83K HYPE

HYPE3.34%
According to BlockBeats citing Hyperinsight monitoring, on June 12, Hyperliquid's spot market saw net TWAP inflows of $11.5 million over the past 24 hours following HYPE's daily rebound. A major whale placed the largest single TWAP buy order for 83,000 HYPE tokens during the period. The whale previously held a $2.4 million short position on Hyperliquid that accumulated losses of $660,000 (a -152% drawdown). To hedge the risk, the address plans to accumulate spot HYPE while increasing its short position to approximately $7.33 million, effectively averaging down its leveraged losses.
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