TechFlow reports that on February 11, blockchain analytics platform Lookonchain observed a whale—potentially linked to Matrixport—opening a long position of 105,000 ETH (approximately $204.5 million) on Hyperliquid; the position is currently underwater by over $10 million.
The wallet addresses 0x6C85 and 0xa5B0 both transferred funds from Tron to Arbitrum via bridge services and deposited them into Hyperliquid. These two wallets likely belong to the same whale entity and collectively hold a long position of 105,000 ETH (approximately $204.5 million).
Lookonchain noted that wallet 0xa5B0 has repeatedly received funds from Matrixport, suggesting a possible association.
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