Hyperliquid Whale Reportedly Transfers More ETH to CEX, Facing Potential Losses

A wallet linked to a so-called Hyperliquid whale was reported to have moved additional ETH to a centralized exchange (CEX), potentially realizing losses if the assets are sold. According to BlockBeats On-chain Detection, on-chain analyst Ai Yi said the address appears to have resumed selling ETH after previously profiting from short positions across 16 altcoins. Since June 24, the wallet has transferred a cumulative $21.82 million worth of ETH to trading platforms, with an estimated loss of $5.485 million. About four hours before the report, the address deposited 6,860 ETH to a CEX. The transfer was valued at $10.8 million, and the analyst estimated a potential loss of $2.86 million if the ETH is sold.