According to @ai_9684xtpa, address 0x540...3F802 is now the largest short on Hyperliquid LIT after depositing 4.35 million USDC of margin within the past two hours, source: @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. The address opened a 1x short totaling 1,110,677 LIT at a 2.74 USD average entry and is currently showing about 25,000 dollars unrealized loss, source: @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. Based on these reported figures, the position notional is approximately 3.043 million dollars which implies effective leverage below 1x given 4.35 million USDC posted as margin, source: calculation from figures reported by @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. The 2.74 USD average entry is the immediate breakeven level for this short, so price action above 2.74 increases the unrealized loss and price action below 2.74 reduces it, source: @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. Traders can monitor this address in real time on the HyperBot dashboard to track position size and PnL for potential impact on LIT perpetual order flow and liquidity, source: HyperBot trader page for 0x540...3F802.

According to @ai_9684xtpa, $LIT is now trading with a current fully diluted valuation (FDV) of $2.41B, providing the live reference level for day-one pricing bands, source: @ai_9684xtpa. According to @ai_9684xtpa citing opinion.trade data, the share of bets that FDV will exceed $2B one day post-listing has declined from 85.5% to 76.3% versus a week ago when the pre-market contract launched, source: @ai_9684xtpa. According to @ai_9684xtpa citing opinion.trade, market-implied odds for $4B/$6B/$8B outcomes have fallen sharply, with only 7% now projecting >$4B compared with 23% previously, source: @ai_9684xtpa. According to @ai_9684xtpa, Binance pre-market reference was $3.52 per token, implying a $3.52B FDV as a comparative anchor for near-term pricing, source: @ai_9684xtpa. According to @ai_9684xtpa citing opinion.trade, the top holder “Nijntje” controls 414k Lighter shares (≈$327k), indicating concentrated positioning among forecasters, source: @ai_9684xtpa. Based on these market-implied probabilities reported by @ai_9684xtpa, traders may recalibrate near-term targets toward the $2B–$3.5B FDV band and manage risk around those thresholds for momentum entries and exits, source: @ai_9684xtpa.

According to @ai_9684xtpa, on-chain trader address 0x94d373...33814 closed a $106M ETH short on Hyperliquid roughly 15 hours after opening, realizing a $479K loss (Source: X post by @ai_9684xtpa, Dec 30, 2025). According to @ai_9684xtpa, the update adds that his BTC and SOL long positions were profitable, bringing the overall session net loss down to $49K (Source: X post by @ai_9684xtpa, Dec 30, 2025). According to @ai_9684xtpa, earlier in the thread the address was shown holding 36,281.29 ETH short at a $2,920.21 entry, ranked Top-2 ETH short on Hyperliquid, and also opened $48.18M BTC short and $13.43M SOL short with take-profit ranges of BTC $86,250-$86,800, ETH $2,700-$2,900, and SOL $121-$131.76 (Sources: X post by @ai_9684xtpa, Dec 30, 2025; Hyperbot tracker: hyperbot.network/trader/0x94d3735543ecb3d339064151118644501c933814). According to @ai_9684xtpa, the thread also notes a 7-day cumulative profit of $6.22M for the address (Sources: X post by @ai_9684xtpa, Dec 30, 2025; Hyperbot tracker: hyperbot.network/trader/0x94d3735543ecb3d339064151118644501c933814).

According to @ai_9684xtpa, the whale who withdrew 77,385.34 ETH at an average $2,835.62 on Dec 1 has shown new activity; timing of movements is within 1.5 minutes of the '10/11 flash-crash short insider' ETH deposit, suggesting but not confirming the same entity, with cumulative exchange deposits reported at 112,894.34 ETH (~$331M). Source: @ai_9684xtpa on X; Arkham Intelligence (0x36ED68c47a007b6D896515070375b3f5AC9BC889; 0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E). The '10/11 flash-crash short insider' address reportedly sent 35,509 ETH (~$104M) to Binance about 20 minutes earlier, and six days ago transferred 100,000 ETH to an exchange without an observable short-term impact on ETH price based on K-line action. Source: @ai_9684xtpa on X; Arkham Intelligence (0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E). For trading, large ETH inflows to exchanges at this scale are closely watched for potential sell-side liquidity and volatility; however, the previously cited 100,000 ETH inflow did not trigger an immediate move, warranting confirmation from order flow and price reaction before positioning. Source: @ai_9684xtpa on X; Arkham Intelligence (addresses above).

According to @ai_9684xtpa, an address labeled by the source as the 1011 flash-crash shorting whale deposited 35,509 ETH worth about $104 million to Binance roughly 20 minutes ago, source: @ai_9684xtpa on X and Arkham Intel address 0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E. According to @ai_9684xtpa, the same entity transferred 100,000 ETH to an exchange six days earlier, and the source notes it did not cause a short-term move in ETH price based on K-line observations, source: @ai_9684xtpa on X. According to @ai_9684xtpa, current disclosed positions tracked show ETH holdings of 203,340.64 (entry $3,147.39) with about $22.65 million in unrealized loss, BTC holdings of 1,000 (entry $91,506.7) with about $1.64 million in unrealized loss, and SOL holdings of 511,000 (entry $130.1911) with about $0.573 million in unrealized loss, source: @ai_9684xtpa on X and Hyperbot profile 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. According to @ai_9684xtpa, BTC has broken above $90,000, narrowing the trader’s total floating loss to roughly $24.86 million, and this appears to be the longest holding period for this account per the source’s tracking, source: @ai_9684xtpa on X.

According to @ai_9684xtpa, wallet 0x94d3735543ecb3d339064151118644501c933814 opened an ETH short on Hyperliquid and now holds 36,281.29 ETH short (~$106M) at a $2,920.21 entry with an unrealized loss of ~$0.521M, ranking as a Top 2 ETH short on the venue. Source: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005824307763761375 and Hyperbot dashboard https://hyperbot.network/trader/0x94d3735543ecb3d339064151118644501c933814. According to @ai_9684xtpa, the same address also holds $48.18M in BTC shorts and $13.43M in SOL shorts, with take-profit bands set at BTC $86,250–$86,800, ETH $2,700–$2,900, and SOL $121–$131.76. Source: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005824307763761375 and Hyperbot dashboard https://hyperbot.network/trader/0x94d3735543ecb3d339064151118644501c933814. According to @ai_9684xtpa, the trader’s reported cumulative profit over the past week totals $6.22M. Source: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005824307763761375. According to @ai_9684xtpa, they also report a single-day increase of 46,036.72 ETH in tracked accumulation activity. Source: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005824307763761375. According to @ai_9684xtpa and on-chain data, Arkham Intel shows the entity labeled Trend Research withdrew 13,462 ETH (~$39.31M) from Binance, updating on-chain holdings to 626,071 ETH (> $1.83B) with an average cost of about $3,105.5 and an unrealized loss near $110M. Source: Arkham Intel address 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43 https://intel.arkm.com/explorer/address/0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43 and X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005824307763761375. According to @ai_9684xtpa, these take-profit levels explicitly define the trader’s targeted exit zones for BTC, ETH, and SOL perps. Source: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005824307763761375.

According to @ai_9684xtpa, address 0x931…ae7a3 opened a 300 BTC long on Hyperliquid about 7 hours ago, ranking among the platform’s top 5 BTC long positions, source: @ai_9684xtpa; hyperbot.network. Per the same sources, the position is reported at $26.14 million notional with an average entry of $87,965.3, current unrealized PnL of -$239,000, and a liquidation price at $86,073.7, source: @ai_9684xtpa; hyperbot.network. The trader set a bracket to scale stop-loss near $79,419 and scale take-profit up to $109,496; from the entry, liquidation sits about 2.15% below, the stop zone is roughly 9.7% below, and the take-profit cap is around 24.5% above, source: @ai_9684xtpa; hyperbot.network.

According to @ai_9684xtpa, Trend Research withdrew 13,462 ETH from Binance, lifting on-chain holdings to 626,071 ETH with a reported portfolio value above USD 1.83 billion, an average cost around USD 3,105.5, and an unrealized loss near USD 110 million. Source: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005656719159140551. The same source noted an earlier 5,011 ETH withdrawal from Binance that brought holdings to 612,609 ETH with a total value around USD 1.79 billion, an average cost of USD 3,109.58, and an unrealized loss near USD 107 million. Source: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005627568305873154. @ai_9684xtpa states the single-day net accumulation totals 46,036.72 ETH and provides the tracked wallet 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43 for verification via ARKM Intel Explorer. Sources: X post by @ai_9684xtpa https://x.com/ai_9684xtpa/status/2005656719159140551 and ARKM Intel Explorer https://intel.arkm.com/explorer/address/0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43.

According to @ai_9684xtpa, Trend Research withdrew another 5,011 ETH (~$14.68M) from Binance, taking its on-chain holdings to 612,609 ETH valued at ~$1.79B with an average cost of ~$3,109.58 and an unrealized loss of ~$107M, source: X post by @ai_9684xtpa on Dec 29, 2025. The same source reports the wallet previously accumulated 27,598 ETH (~$83.05M) over the past 7 hours, including a 6,748 ETH tranche (~$19.77M) that was deposited into Aave as collateral, source: X post by @ai_9684xtpa and Arkham wallet intel for address 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43 at intel.arkm.com/explorer/address/0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43. Traders can monitor borrow events and transfers from the 0x8FDC… address to gauge any leverage changes tied to this position, source: X post by @ai_9684xtpa and Arkham wallet page for 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43.

According to @ai_9684xtpa, Trend Research withdrew 6,748 ETH (about USD 19.77 million) from Binance roughly five minutes before the post and deposited the ETH to Aave as collateral, source: @ai_9684xtpa on X, Dec 29, 2025. According to @ai_9684xtpa, the firm accumulated 27,598 ETH (about USD 83.05 million) over the last seven hours, source: @ai_9684xtpa on X, Dec 29, 2025. According to @ai_9684xtpa, tracked on-chain holdings rose to 607,598 ETH valued around USD 1.77 billion with an average cost near USD 3,111.07 and an unrealized loss of USD 117 million, source: @ai_9684xtpa citing Arkham intel address intel.arkm.com/explorer/address/0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43. According to @ai_9684xtpa, a separate update shows a 20,850 ETH (about USD 63.28 million) Binance withdrawal in the past hour, followed by staking and a USDT loan of USD 40 million via address 0x8FDC74baD4AA20904a362D4b69434A0Cf4d97f43, source: @ai_9684xtpa on X; DeBank profile debank.com/profile/0x8fdc74bad4aa20904a362d4b69434a0cf4d97f43. According to @ai_9684xtpa, the entity’s five addresses cumulatively hold about 600,850 ETH valued near USD 1.82 billion, with a previously reported 580,000 ETH cost basis around USD 3,150 from @Jackyi_ld implying a new blended cost near USD 3,146 after the latest purchases, source: @ai_9684xtpa on X referencing @Jackyi_ld. According to @ai_9684xtpa, the posts were labeled as sponsored by Gate, source: @ai_9684xtpa on X.

According to @ai_9684xtpa, Trend Research withdrew 20,850 ETH (~$63.28M) from Binance within the past hour, then staked via address 0x8fdc74bad4aa20904a362d4b69434a0cf4d97f43 and borrowed 40M USDT, with the source suggesting continued accumulation; source: @ai_9684xtpa and Debank profile shared by @ai_9684xtpa (Dec 29, 2025). According to @ai_9684xtpa, the entity’s five tracked addresses now hold a combined 600,850 ETH valued at roughly $1.82B; source: @ai_9684xtpa (Dec 29, 2025). According to data provided by @Jackyi_ld and relayed by @ai_9684xtpa, the prior 580k ETH had an average cost near $3,150 and the latest adds place the blended cost around ~$3,146; source: @Jackyi_ld via @ai_9684xtpa (Dec 29, 2025). According to @ai_9684xtpa after verification with @Jackyi_ld, about 645k ETH accumulated since November has a real cost near $3,150, implying an unrealized loss of roughly $143M at current prices; source: @ai_9684xtpa citing @Jackyi_ld (Dec 29, 2025). According to @ai_9684xtpa quoting @Jackyi_ld, a further planned $1B injection targets controlling the ETH average cost around ~$3,050; source: @ai_9684xtpa citing @Jackyi_ld (Dec 29, 2025).

According to @ai_9684xtpa, Binance’s USD1 Earn offers 20% APR but is capped at $50,000 per user and trades at a premium, which may reduce net returns for users swapping in just to participate, based on the author’s review of the offer. According to @ai_9684xtpa citing the Binance campaign page, Binance Web3 Wallet users can stake USDT to receive sUSDD at a 13.52% APY, where 12% derives from USDD’s base yield and roughly 1.52% is the current extra subsidy. According to @ai_9684xtpa citing the Binance campaign page, the sUSDD promotion runs from Dec 11 to Jan 10, has a $100 minimum, no deposit cap, a total $300,000 prize pool distributed $10,000 daily, and has attracted $290 million in deposits so far, which means the extra subsidy portion of APY floats with participation. According to @ai_9684xtpa, USDD transitioned in January to a community-driven overcollateralized stablecoin. According to CoinMarketCap data cited by @ai_9684xtpa, USDD supply rose from $482 million to $816 million since the Dec 11 Binance Wallet campaign start, a 69% increase, with an estimated 35.5% of new tokens minted due to the Binance Earn-related activity.

According to @ai_9684xtpa, BTC briefly broke above 90,000 dollars and the on-chain trader nicknamed the 1011 flash-crash short insider showed an unrealized loss narrowed to 24.86 million dollars at the snapshot, with reported positions of 203,340.64 ETH at a 3,147.39 entry (unrealized loss 22.65 million dollars), 1,000 BTC at a 91,506.7 entry (unrealized loss 1.64 million dollars), and roughly 511k SOL at a 130.19 entry (unrealized loss 0.573 million dollars). Source: X post by @ai_9684xtpa Dec 29, 2025 https://twitter.com/ai_9684xtpa/status/2005486721509802181 and Hyperbot tracker https://hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. In a later update after a morning drop, 2,683.68 SOL orders were fully filled and the SOL position stood at 511,612.85 coins (about 61.57 million dollars) with an average entry of 130.19 and an unrealized loss of 5.03 million dollars; SOL price cited at 120.4 dollars, total portfolio value about 740 million dollars, and cumulative unrealized loss widened to 58.04 million dollars. Source: X post by @ai_9684xtpa Dec 29, 2025 https://x.com/ai_9684xtpa/status/2004358713008926785 and Hyperbot tracker https://hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae.

According to @ai_9684xtpa, the ETH whale fully exited by selling the final 10,002.4 ETH over the past 10 hours for $29.44 million, signaling the completion of a multi-week distribution cycle, source: @ai_9684xtpa on X. According to @ai_9684xtpa, the wallet has cumulatively sold 50,607.86 ETH since Dec 16 at an average sell price of $2,926.98, realizing $19.33 million in profit, source: @ai_9684xtpa on X. According to @ai_9684xtpa, despite the realized gains, this does not cover the approximately $40 million loss reported for April, source: @ai_9684xtpa on X. According to @ai_9684xtpa, the activity is tied to wallet 0x2802035118f591D3CFA93bdEA1699319466B5c12 as listed on intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12, source: @ai_9684xtpa on X.

According to @ai_9684xtpa, MetaMask is executing a large-scale push into the Chinese-speaking market with Chinese language support and multichain access as it pivots from a plug-in wallet to a full-chain financial platform; source: @ai_9684xtpa on X, Dec 29, 2025. According to @ai_9684xtpa, MetaMask has integrated Hyperliquid to provide a Perp DEX and partnered with Polymarket to offer prediction markets; source: @ai_9684xtpa on X, Dec 29, 2025. According to @ai_9684xtpa, MetaMask has outlined a token plan and launched a points system, with Season 1 running for three months starting on Oct 23; source: @ai_9684xtpa on X, Dec 29, 2025. According to @ai_9684xtpa, MetaMask’s Perp DEX has reached $3B in cumulative trading volume, and there is a referral path that grants double points; source: @ai_9684xtpa on X, Dec 29, 2025.

According to @ai_9684xtpa, a whale wallet has accumulated 38,415.18 ETH since Dec 5, valued at approximately 119 million USD at the time of reporting (source: @ai_9684xtpa). The wallet withdrew 3,997 ETH from OKX around 30 minutes before the post, worth about 11.76 million USD (source: @ai_9684xtpa). The reported average cost basis for the 38.4k ETH is 3,111.38 USD, implying roughly 6.576 million USD in unrealized losses (source: @ai_9684xtpa). Approximately 15 minutes prior to the post, the wallet deposited 15.3 million USDT to an exchange, and the author suggests this could precede additional buys (source: @ai_9684xtpa). On-chain, address 0xce9...57c69 is currently staking 41,523.24 ETH and has borrowed 69.82 million USDT, per the referenced Arkham Intelligence entity page (source: Arkham Intelligence). Traders can track this entity on Arkham to monitor exchange flows and loan exposure that may influence short-term ETH liquidity and volatility (source: Arkham Intelligence).

According to @ai_9684xtpa, 100 million UNI have been burned and UNI price has reclaimed $6, highlighting near-term strength following a reported supply reduction; source: @ai_9684xtpa. According to @ai_9684xtpa, an identified whale address 0x4B0d3273B75AA15715be2e36E111f4cA8AB6c9f8 sold 662,605 UNI at $8.82 with an average entry of $5.99, realizing $1.875 million profit on that tranche; source: @ai_9684xtpa; intel.arkm.com/explorer/address/0x4B0d3273B75AA15715be2e36E111f4cA8AB6c9f8. According to @ai_9684xtpa, cumulative realized gains across three UNI swing cycles since September 2020 total $23.415 million with a 100% win rate, and the whale exited five months ago rather than holding to present levels; source: @ai_9684xtpa; intel.arkm.com/explorer/address/0x4B0d3273B75AA15715be2e36E111f4cA8AB6c9f8. According to @ai_9684xtpa, key reference levels mentioned include the $6 reclaim, prior distribution around $8.82, and a previous local high near $12, which traders can use as supply and resistance references in UNI swing strategies; source: @ai_9684xtpa.

According to @ai_9684xtpa, a whale with an estimated $2545 ETH cost basis sold 10,000.31 ETH in the last 24 hours for roughly $29.35 million, realizing about $3.904 million in profit. Source: @ai_9684xtpa on X; Arkham Intelligence address 0x2802035118f591D3CFA93bdEA1699319466B5c12 intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12 According to @ai_9684xtpa, since Dec 16 the address has cumulatively sold 40,605.45 ETH worth approximately $118 million at an average sell price of $2922.79, with total realized profits of $15.34 million. Source: @ai_9684xtpa on X; Arkham Intelligence address 0x2802035118f591D3CFA93bdEA1699319466B5c12 intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12 According to @ai_9684xtpa, the wallet currently holds 10,002 ETH at address 0x2802035118f591D3CFA93bdEA1699319466B5c12, as tracked on-chain. Source: @ai_9684xtpa on X; Arkham Intelligence address 0x2802035118f591D3CFA93bdEA1699319466B5c12 intel.arkm.com/explorer/address/0x2802035118f591D3CFA93bdEA1699319466B5c12

According to @ai_9684xtpa, year-end 2025 discourse contrasts momentum in physical gold and silver with weakness in cryptocurrencies and asks which short is more dangerous for traders, altcoins or precious metals during a breakout (source: @ai_9684xtpa on X, Dec 27, 2025). For crypto shorts, thin order books and funding rate flips during fast rallies can accelerate short squeezes and liquidation cascades, increasing slippage and risk of forced exits (source: Binance Futures documentation on funding rates and liquidations). For gold and silver shorts, futures carry theoretically unlimited loss with gap risk, and exchanges can raise margins rapidly in volatility spikes, stressing capital and risk limits (source: CFTC Risk Disclosure Statement; source: CME Group margin and risk advisories). Defined risk options can cap downside on both sides, such as buying calls to hedge metals shorts or using call buys and put spreads for altcoin exposure, helping contain tail risk while maintaining directional views (source: Cboe Options education resources).

According to @ai_9684xtpa, the top ZEC long on Hyperliquid at address 0x6b2…0e03f shows USD 4.949M in unrealized profit with 48,000.89 ZEC valued at USD 24.62M and an average entry of USD 409.87 (source: @ai_9684xtpa citing hyperbot.network/trader/0x6b26f66f460fd173b009d0c7a478ca400470e03f). The same source notes roughly USD 80,000 in funding paid, a last add on Dec 15, and that ZEC later dipped to USD 371 without the position being cut (source: @ai_9684xtpa citing hyperbot.network). Traders can reference the USD 409.87 cost basis and USD 371 drawdown low when assessing ZEC derivatives positioning on Hyperliquid (source: @ai_9684xtpa).