Hyperliquid News Today: Crypto Volatility with Leverage: Major Players Gain, Bears Suffer Losses

An address labeled as "smart money" has accumulated more than $2.5 million in unrealized gains from a leveraged long bet on StarkWare (STRK),

. The wallet, known as 0xbbc0, opened this position three days ago, using 5x leverage to buy 29.5 million tokens—worth about $6.7 million at entry. Since then, the value of the position has climbed, mirroring the heightened volatility across the crypto sector as macroeconomic signals remain mixed.

This same address also recently took a 10x leveraged long position in HYPE, a newer meme token, just four hours ago. It , further reflecting a bullish stance on riskier crypto assets. At the same time, another large holder, dubbed the "HYPE Listing Insider Whale," has to $48.41 million, but is currently sitting on an unrealized loss of $2.02 million as of November 14.

Profits from the STRK trade coincide with a broader upswing in digital assets, which have bounced back after a recent downturn as investors react to the conclusion of the U.S. government shutdown and speculate on upcoming Federal Reserve decisions. For example, the Dow Jones Industrial Average dropped below 48,000 on November 13 due to weakness in tech stocks, yet cryptocurrencies have remained robust,

. A newly established wallet , including $2.8 million in , to open similar leveraged trades in STRK and HYPE, later reporting a floating profit of $2.4 million.

The trading activity in STRK and HYPE underscores the influence of on-chain "smart money" participants in shaping crypto market trends. These wallets, often tracked by blockchain analytics, are regarded as indicators of sophisticated trading behavior. The gains by address 0xbbc0 stand in contrast to broader market caution, such as Nexstar Media's downgrade to "Hold" while awaiting regulatory clearance for its $6.2 billion Tegna deal, and Fossil Group's ongoing royalty challenges despite operational progress.

Although the STRK trade has yielded significant returns, it also highlights the inherent dangers of leveraged trading. The HYPE token market, in particular, remains highly speculative,

. Experts warn that leverage can magnify both gains and losses, especially in fast-moving markets.