According to previous reports from Zombit, a high-leverage whale named Hyperliquid, which had shorted over 5,000 bitcoins, was forced to deposit $5 million in margin last night due to an unexpected surge in Bitcoin’s price. However, this rise appears to have been orchestrated rather than occurring naturally.
An overseas KOL named CBB posted on X yesterday, rallying like-minded users to join forces in targeting this on-chain whale. The total capital accumulated by participants in this grouping reached eight figures.
Moreover, according to information shared by CBB, it seems that even Tron founder Justin Sun participated in this whale hunting operation.
Interestingly, the timing of CBB’s announcement to commence the hunting operation coincided precisely with Bitcoin’s rebound from $82,000 to $85,000, suggesting that this surge may have been driven by their efforts. Unfortunately, subsequent buying pressure did not follow, and this whale hunting operation ultimately ended in failure. According to data from Hypurrscan, despite having closed out 210 bitcoins (still slowly liquidating through TWAP orders), the whale remains with an unrealized profit of nearly $5 million.
Regarding this failure, CBB stated, “We lost a battle, but we have not lost the war,” seemingly hinting at the possibility of initiating a new round of actions in the future, which the community is eagerly anticipating.
