The post Whale Activity on Hyperliquid: Profits Soar Following $BERA Mainnet Launch appeared on BitcoinEthereumNews.com.

The awaited mainnet launch of @berachain took place yesterday and has caused quite the stir in the crypto markets.  The launch has sparked a flurry of $BERA claims, but possibly more interesting is the surge in whale activity, with some large investors making quite the scene on platforms like Hyperliquid. One whale, for instance, managed to turn a profit of $589,000 by shorting $BERA, which is a pretty clear sign of the kind of speed and volatility we’re witnessing in the markets post-listing. After $BERA was listed, a whale made a profit of $589K by shorting $BERA in less than 2 hours. He deposited 1.6M $USDC to #Hyperliquid 16 hours ago and shorted $BERA at ~$13. Then he closed the short position and withdrew 2.19M $USDC, making a profit of $589K.… pic.twitter.com/2pN3jaN12t — Lookonchain (@lookonchain) February 7, 2025 The $BERA launch was one of the most discussed recent events in decentralized finance (DeFi). As trading got underway for the new token, the market reacted with some immediate volatility—one that, as is often the case, several large traders took advantage of. Coming just days after the market’s overall mood had shifted toward bearish, we were led to believe by the trading action that $BERA might, at least for a little while, operate in a counter-trend manner and deliver some quick profits—some of which were booked by a whale who managed to make a profit of $589K in under two hours. Whale Shorting Strategy Yields Quick Profit on Hyperliquid The most notable action occurred when a whale moved 1.6 million USDC into Hyperliquid 16 hours ago to short $BERA at about $13 per token. Within just two hours, the whale had closed the short position and withdrawn 2.19 million USDC from the platform, netting a profit of $589,000. This incident shows that…

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Filed under: News - @ February 8, 2025 12:18 pm