Ether trading volume on Hyperliquid reached about $1.1 billion over 24 hours as of Oct. 11, compared with $805 million for Bitcoin.
The address held 10,032.42 ETH as of Oct. 11, down from 19,762.81 ETH on Oct. 7.
Two wallets allegedly used about $20 million in Hyperliquid orders to move Ether prices while holding large Papertrade long positions.
The HIP-3 market deployer may soon launch a perpetual contract tied to Xiaomi after acquiring the code on Oct. 10.
The address held leveraged long positions valued at about $19.87 million in Ether and $13.92 million in Bitcoin as of Oct. 10.
The 391.48-BTC position has an average entry price of $82,863.10 and a liquidation price of $99,801.20.
The upgrade is scheduled for around 8:15 a.m. UTC on Oct. 10 and may temporarily interrupt trading and on-chain activity.
A Hyperliquid trader held a $1.14 million diesel short against a $1.03 million WTI long as the reference spread narrowed.
Hyperliquid's strategic buybacks enhance HYPE's market value, reflecting strong financial health and boosting investor confidence in its future. Hyperliquid surpasses $1B revenue, $1B used for HYPE buybacks.
More than $1.26 billion has been used to buy back HYPE, while Builder Codes has connected third-party wallets and applications to Hyperliquid's trading infrastructure.
Short positions totaled $4.578 billion, compared with $3.961 billion in longs, producing a 0.87 long-to-short ratio.
The wallet accumulated 257,928 HYPE at prices between $3.39 and $3.72 before moving large batches to a centralized exchange.