According to previous reports from Zombit, a high-leverage whale on Hyperliquid, which shorted over 5,000 bitcoins, urgently replenished $5 million in margin last night due to the sudden surge in bitcoin prices. However, this rise does not seem to be a natural occurrence, but rather a deliberate action by someone.
An overseas KOL named CBB posted on X yesterday, organizing a group to find like-minded individuals to collectively target this on-chain whale, with the total funds accumulated in the group reaching eight figures.
Moreover, according to information shared by CBB, it seems even Tron founder Justin Sun participated in this whale hunting operation.
Interestingly, the timing of CBB’s announcement to start the hunt coincided precisely with bitcoin’s rebound from $82,000 to $85,000, suggesting that this surge was likely driven by their actions. Unfortunately, subsequent buying pressure did not follow, and the whale hunting operation ultimately ended in failure. According to Hypurrscan’s information, despite having closed 210 bitcoins (still gradually closing 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 there will likely be future initiatives, which the community is eagerly anticipating.