Gate News reported on March 20 that according to on-chain analyst Onchain Lens monitoring, a wallet associated with HYPE genesis whale tummy.hl is selling 498,914 HYPE tokens through TWAP orders (time-weighted average price orders), valued at over $20 million, with the complete sell-off expected to be completed within 21 hours.

Hyperliquid partners with TradeXYZ to launch the first on-chain S&P 500 perpetual futures contract, authorized by S&P Dow Jones, supporting 24/7 trading and driving traditional financial products into the crypto market. HYPE token surges nearly 2%, up 76% year-to-date, while Hyperliquid leads trading volume in the commodities market.

Gate News report: On March 19, according to Onchain Lens monitoring, a newly created wallet address deposited 2 million USDC to HyperLiquid and opened a 10x leveraged HYPE long position with a holding of 210,000 HYPE, currently worth $8.29 million.

Cardano dropped out of the top 10 cryptocurrencies by market cap on March 19th, overtaken by Hyperliquid. The Hyperliquid token HYPE surged 21.22%, reaching a market cap of $10.58 billion, while Cardano declined to $9.85 billion. Despite the broader cryptocurrency market recovery, Cardano continues to face pressure and is planning to launch new technologies to compete for market share.

Coinbob monitoring shows that whale address 0x939 recently went long BTC for $29.4 million and shorted HYPE for $19.7 million, but market downturn resulted in bidirectional losses of approximately $700,000. This address previously profited $37.1 million from similar operations.

Multiple large addresses are consolidating positions in HYPE tokens through the Hyperliquid platform, with three major whale addresses collectively investing over 9 million USD, each purchasing large amounts of HYPE at different prices.

Gate News, on March 18, HYPE broke below the $41 mark, currently trading at $40.97, with the 24-hour gain narrowing to 0.66%.

Gate News bot message, Trader 0xf4b0 entered a long position on $ASTER following the mainnet launch yesterday. After $ASTER declined, the trader closed the $ASTER long position, resulting in a $183K loss. The trader subsequently opened a long position on 33,367 $HYPE valued at $1.4M. Address: 0xf4b

In a challenging digital asset market, Hyperliquid Strategies Inc. (PURR) has realized approximately $595 million in paper gains by holding HYPE tokens, reflecting its successful benefit from HYPE price appreciation and the HIP-3 upgrade. In contrast, Bitmine Immersion Technologies (BMNR), which primarily holds Ethereum, faces losses. Analysts believe PURR's long-term performance depends on its ability to expand into real-world asset trading.

Gate News bot message, a wallet associated with Rudy Kadoch (@KadochRudy) made its first deposit of $3 million USDC into HyperLiquid and purchased 50,330 HYPE tokens for $2.018 million. The wallet maintains an open order to acquire additional HYPE tokens worth $981,987.