Zibi Zibi

Whales — who is making money, and how they are positioned

Hyperliquid accounts at ≥$250k on 7+ of the last 180 archived days (Mar 6, 2026 → Sep 1, 2026), split into nine behavior baskets and five size tiers. Behavior and membership are as of the archive's last day, Sep 1, 2026; positioning is the live book from the 11 Sep 2026 17:00 UTC pass; the 30-day ranking is the venue leaderboard as of 11 Sep 2026 20:43 UTC. Live sections refresh every two hours (last 11 Sep 2026 20:48 UTC); baskets are rebuilt nightly.

Last 30 days — who is up, and where the winners sit

Venue leaderboard PnL (realized + unrealized, net of transfers, every dex) for the 3,027 whales it lists · "highly successful" = the top 10% by 30-day PnL, this month ≥ $843.43k · "losers" = the bottom 10%, ≤ -$310.13k

Whale 30d PnL, combined

+$655.55m

winners +$1.413b · losers -$757.82m

Profitable over 30d

61%

1,833 of 3,027 ranked · 740 whales not on the venue leaderboard ($746.73m equity)

Made in the last 7 days

+$2.89m

0% of the 30-day total · last 24h -$3.1m

Highly successful whales

303

≥ $843.43k in 30d · +$1.175b combined · 217 holding positions now

Winners' live book

56% net long

long $2.799b · short $792.92m · 14.5x lev · HIP-3 19%

Losers' live book

-70% net short

long $522.46m · short $3.003b · 10.6x lev · uPnL -$310.94m

Top earners — last 30 days

Whales ranked by the venue's 30-day PnL · click a basket to open its deep dive, a wallet to open its full report

#WalletBasketTier30d PnLROI7d24hAll-timeEquityLive bookGrossuPnLLevLargest positions (live)
10x082e…ca88 Position holder$25–100M+$34.4m+262%-$7.24m-$631.4k+$49.94m$15.07m · venue $22.15m +$111.37m$111.37m+$58m5.0x
L HYPE $111.37m +$58m
20xa5b0…1d41 High-leverage crypto punter$25–100M+$27.02m+157%$0$0+$37.68m$0 flat$0$0
30xe867…c78e Active day trader$1–5M+$26.37m+43.9%+$11.32k+$30.11k+$62.89m$0 · venue $86.47mflat$0$0
40x4e14…0eab High-leverage crypto punter$250k–1M+$25.89m+47.3%$0$0+$111.31m$0 · venue $80.62mflat$0$0
50x6c85…84f6 High-leverage crypto punter$25–100M+$24.98m+138%$0$0+$26.4m$0 · venue $1flat$0$0
60x03b9…30fa Market maker / HFT$1–5M+$21.46m+40.7%-$2.89k+$417.25k+$82.47m$1.55m · venue $66.85mflat$0$0
70x0a84…8b11 Dormant capital$5–25M+$20.04m+52.2%+$85.96k$0+$34.91m$0 · venue $1flat$0$0
80x15a4…dfdb High-leverage crypto punter$25–100M+$19.48m+293%-$1.53m+$856.67k+$23.49m$9.12m · venue $25.12m +$102.39m$102.39m+$22.42m35.0x
L BTC $77.02m +$14.67mL ETH $25.37m +$7.75m
90xa875…25a8 High-leverage crypto punter$25–100M+$19.09m+149%$0$0+$9m$0 flat$0$0
100xea00…a918 Position holder$5–25M+$18.52m+321%+$1.58m+$1.01m+$17.4m$9.75m · venue $19.3m +$40.95m$62.65m+$13.53m8.9x
L ETH $25.71m +$5.67mL HYPE $8.17m +$1.39mL ZEC $5.9m +$4.19mS xyz:BRENTOIL $5.53m -$345.93k +6 more
110x13c5…28be Active day trader$1–5M+$15.84m+47.3%$0+$261.8k+$81.87m$0 · venue $49.34mflat$0$0
120xa2ce…3126 Multi-asset allocator$5–25M+$14.74m+291%-$882.58k+$849.55k-$24.72m$8.96m · venue $14.81m +$69.85m$69.85m+$7.36m12.7x
L ETH $25.75m +$4.08mL BTC $23.31m +$2.04mL HYPE $12.25m +$1.6mL xyz:SILVER $2.58m -$390.54k +3 more
130xde8d…9524 Market maker / HFT$5–25M+$14.12m+131%+$2.53m+$2.35m+$13.34m$9.33m · venue $24.89m +$77.86m$77.86m+$13.23m20.0x
L ETH $77.86m +$13.23m
140x8ea8…edbc Market maker / HFT$25–100M+$13.02m+80.2%-$4.12m+$63.11k+$2.75m$25.07m +$77.09m$77.09m+$4.32m3.0x
L BTC $77.09m +$4.32m
150x372c…857c Position holder$250k–1M+$12.75m+46.1%$0$0+$22.86m$252.16k · venue $40.39mflat$0$0
160x152e…c9dc Active day trader$5–25M+$12.37m+147%-$919.67k+$942.67k+$31.65m$8.35m · venue $20.78m +$55.06m$55.06m+$5.91m12.7x
L ETH $22.86m +$856.53kL HYPE $14.2m +$4.47mL ZEC $11.72m +$534kL DOGE $3.52m +$48.54k +2 more
170xa9b9…3bbd Active day trader$5–25M+$12.32m+49.2%-$1.79m+$70.49k+$19.52m$2.46m · venue $34.34m +$20.39m$20.39m+$10.5m10.0x
L HYPE $20.39m +$10.5m
180x9c6a…a4ed High-leverage crypto punter$5–25M+$11.27m+135%-$356.46k+$594.43k+$11.16m$3.96m · venue $19.59m +$56.13m$56.13m+$11.65m20.0x
L SOL $56.13m +$11.65m
190x6666…23f5 Position holder$5–25M+$11.23m+297%-$2.4m+$262.03k+$16.96m$15.29m +$36.38m$36.38m+$18.46m10.0x
L HYPE $36.38m +$18.46m
200xf02d…54c6 Active day trader$5–25M+$11.15m+49.6%+$3.32m+$28.25k+$12.99m$11.31m · venue $33.61m -$56.91m$56.91m+$1.66m5.0x
S HYPE $56.91m +$1.66m
210xedcd…d05a Position holder$5–25M+$10.77m+53.8%+$833.14k+$1.25m+$10.77m$25.48m +$2.52m$100.35m+$12.79m4.0x
L ETH $51.43m +$12.71mS BTC $48.92m +$78.8k
220xec0b…b078 Market maker / HFT$5–25M+$10.24m+183%+$851.25k+$504.88k-$10.83m$3.92m · venue $13.71m +$8.5m$35.36m+$2.26m26.8x
L ETH $18.01m +$3.53mS BTC $9.53m +$464.85kS xyz:MSFT $1.96m +$32.44kS xyz:JPY $1.94m +$57.31k +8 more
230x9e87…e816 Market maker / HFT$5–25M+$9.73m+39.8%$0+$10.66k+$21.24m$0 · venue $34.15mflat$0$0
240x3527…1e16 HIP-3 macro$1–5M+$9.22m+54.9%$0$0+$5.26m$0 flat$0$0
250x469e…58a5 High-leverage crypto punter$5–25M+$8.96m+72.2%+$1.77m+$1.35m+$22.59m$9.53m · venue $21.17m -$2.34m$86.16m-$648.16k19.0x
L ETH $19.29m +$447.56kS xyz:XYZ100 $14.72m -$209.59kS BTC $11.64m -$95.85kS HYPE $11.04m -$239.04k +5 more

30d / 7d / 24h / All-time / ROI = the venue leaderboard's own figures (realized + unrealized, net of transfers, every dex) · Equity = perp equity across dexes from the newest pass (venue account value, which includes spot, on hover) · Live book / positions = the newest full-population pass with entry, mark, unrealized PnL and liquidation distance on hover · Lev = notional-weighted leverage of the live book · unranked = the venue leaderboard does not list the wallet.

Winners vs losers — live positioning by market

The top 10% against the bottom 10%, next to every whale · newest pass

All whalesWinners (top 10%)Losers (bottom 10%)
MarketNet Net $ Wallets L / SNet Net $ Wallets L / SNet Net $ Wallets L / SDivergence
BTC -$61.68m 396 / 301 +$346.03m 57 / 14 -$386.81m 28 / 82winners longer (.50)
ETH -$189.67m 326 / 264 +$558.18m 57 / 9 -$787.91m 15 / 89winners longer (.90)
HYPE -$65.74m 376 / 286 +$318.35m 70 / 25 -$332.39m 21 / 67winners longer (.71)
SOL -$15.27m 167 / 168 +$123.28m 22 / 9 -$130.16m 13 / 46winners longer (.67)
ZEC -$53.78m 201 / 194 +$76.73m 45 / 10 -$109.12m 6 / 57winners longer (.72)
xyz:SKHX HIP-3 -$26.65m 155 / 135 +$60.87m 14 / 1 -$97.21m 11 / 28winners longer (.95)
xyz:SP500 HIP-3 +$15.72m 82 / 53 +$24.57m 4 / 2 +$28.1m 11 / 5winners shorter (.21)
xyz:GOLD HIP-3 +$829.06k 137 / 64 +$5.91m 8 / 3 -$71.22m 8 / 12winners longer (.63)
XRP +$1.16m 76 / 127 +$45.16m 5 / 10 -$35.83m 9 / 27winners longer (.55)
xyz:SKHY HIP-3 +$26.66m 90 / 75 +$19.5m 5 / 4 +$25.71m 15 / 9agree
xyz:BRENTOIL HIP-3 -$17.77m 97 / 46 +$14.42m 2 / 3 -$56.67m 9 / 11winners longer (.63)
xyz:XYZ100 HIP-3 -$22.82m 63 / 50 -$44.66m 4 / 4 +$17.76m 9 / 3winners shorter (.64)
xyz:CL HIP-3 +$15.11m 130 / 94 +$28.53m 5 / 6 -$2.32m 10 / 12winners longer (.34)
LIT -$5.4m 113 / 140 +$51.99m 21 / 2 -$49.98m 3 / 48winners longer (.93)
NEAR -$13.12m 130 / 130 +$46.33m 22 / 5 -$49.34m 5 / 40winners longer (.90)
PUMP -$11.45m 126 / 131 +$26.66m 18 / 4 -$53.97m 4 / 40winners longer (.92)
xyz:MU HIP-3 -$12.33m 126 / 104 +$31m 13 / 3 -$14.46m 5 / 22winners longer (.91)
xyz:SPCX HIP-3 -$9.97m 145 / 73 -$2.43m 13 / 6 -$13.51m 15 / 10agree
xyz:SNDK HIP-3 -$3.25m 109 / 82 +$19.51m 9 / 4 -$4.76m 7 / 11winners longer (.71)
xyz:SILVER HIP-3 -$15.53m 129 / 43 -$141.39k 8 / 3 -$5.8m 11 / 10winners longer (.32)

Net = long − short notional (bar scale shared across the table) · Wallets L / S = distinct wallets long / short · Divergence = winners' net bias minus losers' net bias, halved to a 0–1 scale (1 = winners fully long while losers fully short; "agree" under 0.15) · 0% to 100% bias is (long − short) ÷ gross.

Winners — book over the last 38 days

Summed across the set · archive books, then the last full pass of each day — the final bar is live

Long Short Net
Combined 30d PnL
+$1.175b
Perp equity now
$722.71m
Unrealized PnL now
+$324.15m
Size tiers
57 × $250k–1M · 149 × $1–5M · 85 × $5–25M · 11 × $25–100M · 1 × ≥$100M

Biggest markets now

BTC 42%ETH 85%HYPE 52%SOL 76%ZEC 51%xyz:XYZ100 -52%XRP 61%xyz:SP500 37%

Highly successful whales by basket

Every basket's 30-day record, how many of its members made the top decile, and how those winners are positioned · open a basket for the full breakdown

BasketRankedProfitableBasket 30d PnLLast 7dMedianp90Winnersof basketof all winnersWinners' PnLWinners' bookLevHIP-3Winners' biggest markets
Dormant capital105 / 15163%+$25.05m+$858.97k$0+$222.82k88%3%+$40.34mflat
Open basket →
Market maker / HFT317 / 57854%-$66.89m+$389.62k$0+$978.23k3511%12%+$154.79m 40% $572.89m12.7x27%
BTC 29%ETH 100%HYPE 46%LIT 100%xyz:SKHY 100%
Open basket →
Delta-neutral / basis60 / 8660%+$8.38m-$2.47m+$3.4k+$268.91k35%1%+$11.15m 13% $48.33m8.5x0%
LIT 64%XMR 100%ETH 100%AAVE 100%WLFI -100%
Open basket →
HIP-3 macro662 / 81158%+$37.07m+$2.63m+$7+$304.68k233%8%+$68m 77% $256.08m9.9x82%
xyz:SKHX 100%xyz:SP500 76%xyz:CRCL 100%xyz:SKHY -14%BTC 100%
Open basket →
High-leverage crypto punter427 / 46851%+$213.18m-$745.63k$0+$1.75m5312%17%+$301.48m 83% $905.21m22.0x4%
BTC 88%ETH 87%SOL 96%HYPE 72%XRP 74%
Open basket →
Position holder633 / 75060%+$167.74m-$11.46m+$5.21k+$1.04m7712%25%+$241.97m 37% $828.6m10.5x7%
HYPE 62%BTC -64%ETH 79%ZEC -28%NEAR 100%
Open basket →
Multi-asset allocator119 / 13564%-$16.61m+$11.32m+$55.47k+$1.75m1613%5%+$60.01m 44% $268.08m15.7x22%
BTC 93%ETH 64%HYPE 96%xyz:SP500 -44%NEAR 98%
Open basket →
Active day trader691 / 77371%+$286.25m+$2.59m+$44.91k+$1.23m8713%29%+$295.01m 55% $713.03m13.0x22%
HYPE 12%BTC 48%ETH 84%xyz:XYZ100 -41%ZEC 94%
Open basket →
Swing trader13 / 1569%+$1.37m-$236.77k+$27.78k+$231.44k18%0%+$2.22mflat
Open basket →

Ranked = basket members with a venue 30-day figure (over the basket's size) · Profitable = share of ranked members with a positive 30-day PnL · Winners = members in the cohort-wide top decile (≥ $843.43k) · Winners' book = their summed live long/short with net bias and gross · archive closed-trade window: Aug 4 → Sep 2 (inside each basket).

Whales tracked

3,767

13,322 accounts archived on Sep 1

Equity held

$2.737b

88% of all archived equity

Gross book (live)

$10.971b

2,080 whales holding positions

Net bias (live)

-6.5%

long $5.129b · short $5.843b

HIP-3 share of gross

28%

$3.064b on builder-dex markets

Liquidated in window

47%

share of whales with ≥1 liquidation fill

Basket

Baskets at a glance

Medians over the 180-day window per wallet · live book from the newest pass · click a row to focus it

BasketWalletsEquityVol shareLive net biasLive grossActive daysFills/dayLeverageHIP-3HedgeBiasFlip gapMomentumTakerLiquidated
Dormant capital151$300.72m0.1%55.9%$5.77m1%1308.5x0%0%100%17m31%74%7%
Market maker / HFT578$1.298b68.3%-34.1%$2.672b46%1,7658.6x24%8%-17%2m31%48%58%
Delta-neutral / basis86$130.21m0.5%-7.8%$402.21m44%3279.9x3%42%0%1.4h32%71%51%
HIP-3 macro811$650.12m5.6%9.1%$1.405b19%2256.1x95%1%27%1.1h26%57%47%
High-leverage crypto punter468$396.09m12.7%34.9%$1.607b23%23520.0x0%0%7%1.7h28%77%53%
Position holder750$632.85m2.3%6.8%$1.826b10%1946.0x0%0%50%1.5h31%74%31%
Multi-asset allocator135$178.63m2.5%-61.3%$1.631b68%52010.5x37%14%-8%1.8h33%59%87%
Active day trader773$487.87m8.0%29.4%$1.414b45%2648.0x7%2%40%1.6h33%75%51%
Swing trader15$6.72m0.0%-22.4%$7.93m41%163.9x9%1%74%4.3h26%68%47%

Active days = share of archived days with a fill · Fills/day = per active day · Leverage = notional-weighted mean over days with a book · HIP-3 = share of book + volume on builder dexes · Hedge = smaller side ÷ gross (0.5 = fully hedged) · Bias = (long − short) ÷ gross over the window · Flip gap = median time between opposite-direction fills · Momentum = share of same-direction re-entries that pressed the move (the rest averaged against it) · Taker = crossing share of volume.

All whales — long vs short, 89 days

Summed daily books from the archive, through Sep 1, 2026

Long Short Net

All whales in BTC, last 38 days

Archive books through Sep 1, 2026, then the last full pass of each day — the final bar is the live book

Long Short Net

All whales — positioning by market

Live book · top 30 whale markets by gross · 7d change = net today minus net seven grid days earlier

MarketNetNet $LongShortWallets L / S% wallets long7d Δ net
BTC -$61.68m$972.67m$1.034b396 / 30157%+$6.87m
ETH -$189.67m$834.9m$1.025b326 / 26455%+$176.37m
HYPE -$65.74m$674.25m$739.99m376 / 28657%+$1.85m
SOL -$15.27m$227.57m$242.84m167 / 16850%+$20.28m
ZEC -$53.78m$184.26m$238.04m201 / 19451%+$10m
xyz:SKHX HIP-3 -$26.65m$142.39m$169.05m155 / 13553%+$7.04m
xyz:SP500 HIP-3 +$15.72m$142.89m$127.17m82 / 5361%-$867.54k
xyz:GOLD HIP-3 +$829.06k$132.21m$131.38m137 / 6468%+$26.31m
XRP +$1.16m$93.42m$92.27m76 / 12737%+$5.38m
xyz:SKHY HIP-3 +$26.66m$104.64m$77.98m90 / 7555%+$11.57m
xyz:BRENTOIL HIP-3 -$17.77m$81.3m$99.07m97 / 4668%+$5.4m
xyz:XYZ100 HIP-3 -$22.82m$74.84m$97.66m63 / 5056%-$19.91m
xyz:CL HIP-3 +$15.11m$92.55m$77.44m130 / 9458%+$19.99m
LIT -$5.4m$73.2m$78.6m113 / 14045%+$9.65m
NEAR -$13.12m$64.54m$77.66m130 / 13050%+$1.62m
PUMP -$11.45m$59.34m$70.79m126 / 13149%+$11.21m
xyz:MU HIP-3 -$12.33m$56.04m$68.37m126 / 10455%-$994.39k
xyz:SPCX HIP-3 -$9.97m$56.36m$66.33m145 / 7367%-$7.92m
xyz:SNDK HIP-3 -$3.25m$55.99m$59.24m109 / 8257%+$9.25m
xyz:SILVER HIP-3 -$15.53m$40.95m$56.48m129 / 4375%-$4.08m
xyz:CRCL HIP-3 -$8.16m$42.14m$50.3m68 / 6651%-$2.57m
xyz:NVDA HIP-3 -$7.9m$40.78m$48.68m120 / 8658%-$27.34k
xyz:GOOGL HIP-3 -$12.49m$36.27m$48.76m98 / 6660%-$3.67m
xyz:AAPL HIP-3 -$3.24m$35.64m$38.88m103 / 3973%+$1.78m
AAVE -$2.68m$32.11m$34.79m71 / 11339%+$417.43k
LINK -$2.39m$30.12m$32.51m72 / 9743%-$360.65k
xyz:DRAM HIP-3 -$6.07m$27.09m$33.16m85 / 7055%+$3.48m
DOGE -$1.52m$27.19m$28.71m66 / 11437%+$3.09m
PONS -$13.22m$20.67m$33.89m107 / 7459%-$3.8m
xyz:INTC HIP-3 -$4.94m$24.4m$29.33m91 / 6259%-$1.94m

Size tiers by basket

Wallets per basket and peak-equity tier over the window

Basket$250k–1M$1–5M$5–25M$25–100M≥$100MTotal
Dormant capital11727511151
Market maker / HFT25521387194578
Delta-neutral / basis602051·86
HIP-3 macro522241462·811
High-leverage crypto punter274159314·468
Position holder488215425·750
Multi-asset allocator76421421135
Active day trader527209352·773
Swing trader123···15
All whales2,3311,1292653663,767
Equity (window mean)$632.72m$1.104b$1.24b$683.22m$421.5m$4.081b

All whales — example wallets

Largest accounts by window-mean equity · opens the full wallet report

Who is long, who is short

Net bias per basket in each of the top 20 markets (live) · green = net long, red = net short, depth = conviction · cell text = net notional

MarketDormant capitalMarket maker / HFTDelta-neutral / basisHIP-3 macroHigh-leverage crypto punterPosition holderMulti-asset allocatorActive day traderSwing traderAll
BTC+20k−107m+6.0m+12m+208m−64m−204m+86m+1.3m-$61.68m
ETH·−52m−2.0m−57m+111m+97m−378m+91m−181k-$189.67m
HYPE+927k−128m−4.4m+21m+70m+60m−90m+4.1m−382k-$65.74m
SOL+325k−20m+4.7m−12m+69m+32m−119m+29m−184k-$15.27m
ZEC−270k−35m+751k+3.2m+29m−84m−12m+46m−943k-$53.78m
xyz:SKHX+1−75m+20m+15m+1.0m+2.0m+5.6m+5.3m·-$26.65m
xyz:SP500·+34m+1.8m+13m−507k+1.4m−8.4m−26m−69k+$15.72m
xyz:GOLD+1.5m−15m+45m+14m+3.6m+11m−63m+4.4m·+$829.06k
XRP·−14m−4.3m+11m+42m−1.6m−35m+3.5m·+$1.16m
xyz:SKHY·+40m−21m+3.5m+249k+134k+5.3m−2.2m·+$26.66m
xyz:BRENTOIL·−28m+343k+17m+9.0m−731k−12m−2.8m·-$17.77m
xyz:XYZ100·−1.8m+3.6m+26m−15m−4.3m−1.3m−30m−7k-$22.82m
xyz:CL·−32m+271k+22m+1.8m−8.0m+6.1m+25m·+$15.11m
LIT+32k−11m+4.5m−3.2m+26k+4.0m+1.1m+19k−1.3m-$5.4m
NEAR·−16m−1.3m−12m+1.7m+5.5m+11m−1.5m−105k-$13.12m
PUMP+195k−5.7m+2.1m−14m+2.2m+1.2m−18m+21m·-$11.45m
xyz:MU·−36m−8.1m+8.1m+5.9m+468k+1.8m+16m−14k-$12.33m
xyz:SPCX·+13m−2.8m+1.8m−272k−669k−31m+11m−21k-$9.97m
xyz:SNDK·−20m−21m+27m−3.9m+4.7m+712k+9.6m+530k-$3.25m
xyz:SILVER·−16m−2.7m−22k+509k−13m+3.7m+11m·-$15.53m

How the baskets are defined

Ordered rules — the first that matches wins; profitability is deliberately not an input

  1. 1. Dormant capital. Big balance, little trading: under 10 active days in the window and a book less than a quarter of the time.
  2. 2. Market maker / HFT. 300+ fills per active day with sub-15-minute median flips — two-sided flow, not directional bets.
  3. 3. Delta-neutral / basis. Runs a hedged book: the smaller side averages 35%+ of gross (basis, funding and spread trades).
  4. 4. HIP-3 macro. 60%+ of book and volume on builder-dex markets — equities, commodities and FX rather than crypto.
  5. 5. High-leverage crypto punter. Mean weighted leverage of 15x or more on a mostly-crypto book.
  6. 6. Position holder. Holds a book on 80%+ of days but trades on fewer than 30% of them — low-touch, longer horizon.
  7. 7. Multi-asset allocator. Spread across 4+ markets with a meaningful (20%+) HIP-3 sleeve alongside crypto.
  8. 8. Active day trader. 20+ fills per active day; directional, intraday to multi-day.
  9. 9. Swing trader. Directional with fewer than 20 fills per active day — everything the rules above did not claim.

Sources: the Reservoir-era archive continued daily by Zibi's own sweep (per-wallet daily fills, books and accounts since Aug 2025) for membership, behavior and the 89-day history; per-market daily books from the same archive plus the 2-hourly full-population passes for the positioning grid; the venue's public leaderboard (refreshed every five minutes) for the 30-day ranking. The archive trails the clock by a few days, which is why behavior is dated Sep 1, 2026 while the book and the ranking are live. Size tiers use peak equity inside the window; equity figures are window means unless marked live.