Hyperliquid’s High-Leverage Whales Spark Controversy: Community Launches “Whale Hunting Operation,” with Involvement from Justin Sun?

According to previous reports from Zombit, a high-leverage whale on Hyperliquid, which shorted over 5,000 Bitcoins, urgently added $5 million in margin last night due to the sudden surge in Bitcoin’s price. However, this upward movement does not appear to have occurred naturally, but rather seems to have been orchestrated by someone.

An overseas KOL named CBB posted on X yesterday, seeking like-minded individuals to join forces in targeting this on-chain whale, with the total capital accumulated by participants reaching eight figures.

Moreover, according to information shared by CBB, it seems that even Tron founder Justin Sun participated in this whale hunting operation.

Interestingly, the timing of CBB’s announcement to initiate the hunting operation coincided precisely with Bitcoin’s rebound from $82,000 to $85,000, suggesting that this surge was likely driven by their actions. Unfortunately, the subsequent buying pressure did not follow through, resulting in the failure of this whale hunting attempt. According to data from Hypurrscan, although 210 Bitcoins have been closed out (still being gradually liquidated through TWAP orders), the whale currently remains with an unrealized profit of nearly $5 million.

Regarding this failure, CBB stated: “We lost a battle, but we have not lost the war,” implying that a new round of actions may be initiated in the future, and the community is looking forward to it.