Hyperliquid Multi-Asset Short Rumor Remains Unverified, USDC Used for HYPE Accumulation

Rumors of a $20.5 million multi-asset short on Hyperliquid remain unverified. On-chain data suggests HYPE token accumulation instead. No significant market disruptions were tracked on the blockchain. Key participants remain anonymous, and regulatory bodies are silent. Market stability persists, with no severe implications observed in the broader market.

July 2, 2025 — Rumors of a $20.5 million multi-asset short position on Hyperliquid have surfaced, but the authenticity of these claims remains unverified. On-chain data suggests that instead of a significant short position, there has been notable accumulation of the HYPE token. No substantial market disruptions have been observed on the blockchain, and key participants remain anonymous. Regulatory bodies have not issued any statements regarding this activity, and the broader market has maintained stability.

According to a recent report [1], a prominent trader known for large-scale market movements has been active on Hyperliquid. The trader, who had previously suffered a significant loss, is now speculated to be involved in a multi-asset short position worth $20.5 million. However, these claims are unverified, and no definitive evidence has been presented to support them.

In contrast, on-chain data indicates that there has been a notable accumulation of the HYPE token. This activity suggests that while the trader may have intended to short multiple assets, the actual market activity has been focused on buying HYPE tokens. This accumulation could be a strategic move to capitalize on potential price appreciation or to hedge against other market risks.

The lack of significant market disruptions and the anonymity of the key participants have contributed to the stability of the broader market. No severe implications have been observed, and market sentiment remains relatively calm. Regulatory bodies have not issued any statements regarding this activity, indicating that it may not be a high priority for them at this time.

Investors and financial professionals should remain cautious and monitor the situation closely. While the unverified claims of a $20.5 million short position are intriguing, the actual market activity suggests a different narrative. The accumulation of HYPE tokens may indicate a bullish sentiment among traders, but further developments are needed to determine the true impact of this activity on the market.

References:
[1] https://blockchain.news/flashnews/whale-shorts-ethereum-eth-with-3-25m-on-hyperliquid-after-17m-loss-betting-against-recent-rally