Crypto Morning Brief: Six major high-leverage whales on HyperLiquid suffer significant losses; Monad to launch mainnet on November 24

Author: TechFlow

Yesterday's Market Dynamics

"Small NFP" exceeds expectations

According to Jinshi Data, U.S. ADP employment increased by 42,000 in October, the largest rise since July 2025, surpassing the market expectation of 25,000.

To end government "shutdown," Democratic leaders in Congress urge Trump to begin talks

According to Jinshi Data, on November 5 local time, Senate Democratic Leader Schumer and House Democratic Leader Jeffries called on President Trump to meet with bipartisan congressional leaders to discuss ending the government "shutdown" and addressing healthcare policy issues. The two Democratic leaders stated in their letter: "Democrats are ready to meet with you face-to-face." As of now, Trump continues to insist he will not engage in negotiations until Democrats vote to support restarting the government.

Fed Governor Milan: Believes continued rate cuts remain reasonable

According to Jinshi Data, Fed Governor Milan said he believes continued rate cuts remain reasonable.

Monad announces mainnet launch on November 24

According to an official announcement, Monad plans to officially launch its mainnet at 9:00 AM Eastern Time on November 24.

Stable Phase 2 pre-deposit event to start on November 6

According to an official announcement, Stable has announced that the countdown for its second phase pre-deposit event has begun, accepting up to $500 million in qualified deposits.

The event will open on November 6 at 22:00, requiring participants to deposit using USDC, with all wallets required to complete KYC verification—limited to one wallet per verified user. Although there is no formal deposit cap, only the first $500 million in KYC-verified deposits will be eligible.

Intuition: TRUST token airdrop claim now open

According to an official announcement, Intuition has announced that TRUST token airdrop claims are now open.

Previously reported, Binance Alpha and Futures announced the listing of Intuition (TRUST).

MEET48: Annual idol election "2025 MEET48 BEST7" voting begins

Global AIUGC and fan economy community MEET48, dedicated to entertainment, announced on X platform the launch of its annual idol election "2025 MEET48 BEST7" under the theme "The battle for glory begins!" Voting will be open from November 5 to December 25 (UTC), with the top seven idols receiving exclusive rewards.

Market news: Ripple completes $500 million funding round led by Fortress and Citadel Securities

According to unfolded, Ripple announced completion of a $500 million funding round led by Fortress and Citadel Securities.

Metaplanet secures $100 million loan backed by Bitcoin holdings, proceeds to be used for additional BTC purchases and stock buybacks

According to Coinpost, Japanese listed company Metaplanet completed a $100 million (approximately 15.3 billion yen) financing on October 31, secured by its Bitcoin holdings.

The funds will primarily be used to purchase more Bitcoin, as well as for expanding revenue-generating operations and share buybacks. As of October 31, the company held 30,823 BTC, and the loan amount represents about 3% of its holdings. The company stated it will avoid excessive leverage and only borrow within a range that maintains sufficient collateral buffer.

Nasdaq-listed SOL treasury company Solana Company board approves $100 million stock buyback program

According to GLOBE NEWSWIRE, Nasdaq-listed Solana Company (NASDAQ: HSDT) announced its board has approved a $100 million stock repurchase program to acquire outstanding common shares. The buyback program is open-ended, allowing the company to repurchase shares from time to time in the open market or through negotiated transactions.

Executive Chairman Joseph Chee stated that acquiring its own shares may represent the best expected return on capital at certain times to achieve the goal of maximizing per-share SOL accumulation.

Six high-leverage whales on HyperLiquid meet similar fates, each losing over $40 million

According to analyst Yujin's monitoring, six well-known crypto traders on HyperLiquid experienced dramatic shifts from massive profits to total collapse. These traders include James Wynn, "insider bro" falling, AguilaTrades, "rolling position guy," "Machi" Machi Big Brother, and the "14-time winning whale."

• James Wynn

  • Principal: $21.77 million

  • Highest profit: $87 million

  • Notable: Once opened a $1.23 billion long BTC position on Hyperliquid

  • Outcome: Not only gave back all profits but also lost entire principal, account wiped out

• "Insider bro" falling

  • Principal: $3 million

  • Highest profit: $26 million

  • Notable: Skilled at placing bets before data/policy announcements

  • Outcome: Repeated wrong directional bets, gave back all profits and lost principal

• AguilaTrades

  • Principal: $37.62 million

  • Highest profit: $41.7 million

  • Notable: Known for the "$400 million position curse"

  • Outcome: Triggered the curse, suffered consecutive losses, eventually account zeroed

• "Rolling position guy"

  • Principal: $125,000

  • Highest profit: $43 million (344x return)

  • Notable: Achieved rapid capital growth through continuously rolling positions

  • Outcome: Market reversal caused rolling strategy to backfire, lost all funds in short time

• "Machi" Machi Big Brother

  • Principal: $15.29 million

  • Highest profit: $44.84 million

  • Notable: Almost exclusively goes long

  • Outcome: Continued going long during market downturn, ultimately liquidated

• "14-time winning whale"

  • Principal: $30.17 million

  • Highest profit: $26.6 million

  • Notable: Previously won 14 consecutive trades, earning $15.83 million

  • Outcome: Overconfident after winning streak, increased position size and suffered consecutive losses, account wiped out

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