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A new high-profile whale has emerged on Hyperliquid. White Whale was extremely successful, topping the leaderboards for the past 30 days with over $50M in profits.
Hyperliquid has a new high-profile whale with big social media influence. White Whale was successful in the past month, topping the leaderboards with over $50M in gains. While not being the most masterful trader when it comes to returns on the position, White Whale had the biggest retained profit.
The top trader known as the White Whale showed his prowess on Hyperliquid with over $50M in gains for the past 30 days. | Source: Hyperliquid
Hyperliquid also invited high-profile whales from previous bull markets, including Machi Big Brother, who locked in profits from his bullish stance. Overall, the participation of whales is an indicator of the popularity of coins and tokens.
The White Whale is part of the minority of large ‘Leviathan’ size traders who are bullish. Based on wallet statistics on Hyperliquid, all trader groups are bullish except for ‘Leviathan’ positions. However, that top group of apex predators is also losing in most cases.
The White Whale avoids risky positions
Unlike other high-profile traders, the White Whale avoids being contrarian or taking aggressive positions for exposure. During the last 30-day period, the White Whale traded with strong bullish convictions, not capitulating during the temporary downturn.
The White Whale’s positions usually go against those of other high-profile traders, James Wynn and Aguila Trades. The trader recently posted an origin story of moving from a business venture to a full-time crypto trader.
Crypto quite literally saved my mental health.
I was running a company I had founded years before. It was my “dream” at the time – but somewhere along the way, the passion died. Every day became a grind. I wasn’t creating anymore, I was just surviving.
I knew I had to walk…
— The White Whale (@TheWhiteWhaleHL) August 11, 2025
This trader is also an advocate for decentralized exchanges, praising Hyperliquid’s permissionless environment that prevents market maker favoritism and censorship.
The White Whale remarked that Hyperliquid solves the problem of having market makers favored by the exchange. The DEX still has aggressive whales and counter-traders, but no slowdowns in posting collaterals or closing positions.
Hyperliquid open interest takes a step back
Hyperliquid open interest is down to $12.7B, after a recent hike to over $15B. After a historically successful month, Hyperliquid still produces over $4M in fees. The platform regularly achieves over $10B in daily volumes, still a fraction of the activity on centralized markets.
Despite the slowdown in volumes, Hyperliquid remains immensely popular, with over 160K HYPE holders. The Hyperliquid network also surpassed all other L1 and L2 chains in 24-hour fee revenue, reflecting demand for high-leverage trading.
Hyperliquid is still ahead of all other chains in terms of daily fees, based on demand for derivative trading with higher leverage. | Source: Artemis
As a result of the growing demand, HYPE is once again expanding. The native token reached $43.55, rising over 15% in the past week. HYPE is once again aiming for levels above $50 and ongoing expansion due to regular token burns.
HYPE trading is also getting more diverse, as only 47% of volumes are on Hyperliquid. Initially, most of the token trading happened on the decentralized exchange, but now the asset faces more diverse price pressures.
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