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Whale Movements Alert
On Hyperliquid, address 0xb9c started to directly clear the entire order book to pressure short positions from 05:35, making a profit of 16 million dollars in just one minute.
The source of funds mainly comes from the transfer of 4.99 million USDC from the address 0x5dE three hours ago and 10.98 million USDT previously transferred through DeBridge cross-chain. Although there are rumors that this address is related to Brother Sun, there is no direct evidence to prove that this was Brother Sun's action.
The address has been accumulating long positions since 08.24, and currently holds a 1x XPL long position worth 8.58 million USD, with an unrealized profit of 620,000 USD.
You can check the wallet address details at this link:
#Cryptocurrency Blockchain #Hyperliquid Son #Arbitrage