Notorious MELANIA trader bags serial liquidations in Hyperliquid return
The post Notorious MELANIA trader bags serial liquidations in Hyperliquid return appeared on BitcoinEthereumNews.com.
A trader known as @qwatio has become the latest viral account on Hyperliquid, culminating in a new round of counter-trading and liquidations. Previously, ZachXBT investigated the whale for aggressively trading MELANIA and other tokens. One of the high-profile whales, previously identified by ZachXBT as William Parker, is back with high-profile positions on Hyperliquid. The whale is also known for his social media handle @qwatio, with no live posts after deleting most of its content since 2015. The whale joined the league of James Wynn and Aguila Trades in a new trend of high-profile traders in recent weeks. MELANIA has a track record The same trader has returned multiple times with new wallets, causing havoc on Hyperliquid with some of the most destructive trades, especially linked to draining liquidity pools. @qwatio’s trading practice informed a subsequent deliberate manipulation of the JELLY token, again with the goal of draining the liquidity pool. In the past few months, @qwatio used four known addresses. Three of the previous ones are inactive, with no new positions. The whale, known as William Parker, or @qwatio, opened two new short positions on BTC and ETH. | Source: Hyperliquid The latest known address is $436K underwater, based on its short positions for BTC and ETH. This time around, the positions had a notional value above $210M, with no clear signs of deliberate counter-trading. The unrealized profit and loss may change, though the trader has shown readiness to keep the positions. On-chain data shows he posted $4.5M USDC collateral to extend his short positions and avoid liquidation. The whale is now considered to be in gambling mode, after six liquidations in the past three days. Hyperliquid becomes top crypto summer venue The stories of high-profile whales added to Hyperliquid’s fame as the go-to chain for derivative trading. It often…
Filed under: News - @ June 26, 2025 12:29 pm