In a challenging digital asset market, Hyperliquid Strategies Inc. (PURR) has realized approximately $595 million in paper gains by holding HYPE tokens, reflecting its successful benefit from HYPE price appreciation and the HIP-3 upgrade. In contrast, Bitmine Immersion Technologies (BMNR), which primarily holds Ethereum, faces losses. Analysts believe PURR's long-term performance depends on its ability to expand into real-world asset trading.

Gate News bot message, a wallet associated with Rudy Kadoch (@KadochRudy) made its first deposit of $3 million USDC into HyperLiquid and purchased 50,330 HYPE tokens for $2.018 million. The wallet maintains an open order to acquire additional HYPE tokens worth $981,987.

HYPE price rebounded to $42 on March 18, reaching a new high in nearly 4 months. The largest bullish whale's unrealized gains expanded to $4.7 million, with withdrawals of approximately $4.4 million. The whale's position reached $58.1 million with a floating return rate of 41%, liquidation price rose to $30.15, funding fee losses have reached $1.66 million, position remains unclosed, and the holding period has neared five months.

On March 18, Bitcoin consolidated at higher levels, and HYPE surged above $42. Trader "Maji" reduced HYPE long positions and increased BTC long positions, with total holdings reaching $33.61 million, profiting $2.4 million over the past week. Positions include ETH, BTC, and HYPE.

Gate News, on March 18, according to Onchain Lens monitoring, a newly created wallet deposited 2 million USDC into HyperLiquid and opened a 10x leverage HYPE long position. Currently, the wallet's position size is 150,000 HYPE (valued at $6 million), with an entry price of $40.9 and a liquidation price of $29.04.

Gate News bot message, a newly created wallet deposited $2 million USDC into HyperLiquid and opened a HYPE long position with 10x leverage. The position details are: Amount of 150,000 HYPE tokens, total value of $6 million, entry price at $40.9, and liquidation price at $29.04.

Gate News reported that on March 17, Nasdaq-listed company Hyperliquid Strategies released its latest financial report. The report shows that as of February 3, 2026, the company has made additional purchases of approximately 5 million HYPE tokens, bringing total holdings to 17.6 million. Meanwhile, the company has repurchased approximately 3 million shares, currently holds approximately $125 million in deployable capital, and is equipped with a $1 billion equity credit financing tool. (PRNewswire)

Gate News reports that on March 17, according to Hyperinsight monitoring, as the cryptocurrency market rose, "Maji Dage" increased their ETH long position to 10,175 ETH, approximately worth 23.92 million USD, with an unrealized profit of 1.37 million USD. Additionally, this address added 45 BTC and 64,000 HYPE long positions, with the total unrealized profit of the account reaching 1.41 million USD.

According to MLM monitoring, a wallet cluster recently received over 3.52 million HYPE from Galaxy Digital within 40 days, becoming one of the largest buyers. The most recent transfer was 395,000 HYPE. Analysts previously speculated the cluster may be related to Multicoin, but this has not been confirmed.

March 17, multiple whale addresses collectively went long on HYPE. Address 0xE7ec went long on 267,758 HYPE with 3x leverage, address 0x535e went long on 111,694 HYPE with 10x leverage, address 0x7E4E went long on 200,000 HYPE with 2x leverage, with a total amount exceeding $25 million.