Whale holding second-largest NEAR and largest INJ positions on Hyperliquid begins closing both positions via multi-tranche sales.
DeFi & Yields ·
A major trader is unwinding two significant leveraged positions on Hyperliquid, executing sales across multiple tranches using six-hour time-weighted average pricing. The account holds the second-largest NEAR position on the platform at 5.11M tokens valued at $25.3M, currently showing $15.4M in unrealized gains, alongside the largest INJ position of 1.48M tokens worth $11.7M with $3.3M in unrealized profit. The trader has initiated closures of both holdings while maintaining separate long exposure totaling over $30M across INTC and MU futures, which remain open.
The wallet's performance has been notably strong, accumulating $19M in gains during the past month alone. The structured exit approach via multi-tranche sales suggests a deliberate de-risking strategy rather than panic liquidation, allowing the trader to offload size while managing market impact. The decision to close NEAR and INJ positions while preserving the broader commodity futures exposure indicates selective position management within a diversified portfolio.
It remains unclear what prompted the specific decision to reduce these two holdings or whether the trader plans additional closures beyond the current pair. Market participants are tracking whether the multi-tranche execution pattern continues and whether the maintained INTC and MU positions signal ongoing conviction in those markets.