PANews reported on March 14 that according to monitoring by on-chain analyst Yu Jin, a giant whale was suspected of using the market fluctuations caused by the buying and selling operations of the "Hyperliquid 50x Whale" to arbitrage.

• He borrowed LINK to sell when "Hyperliquid 50x Whale" bought LINK spot in the afternoon, and then withdrew LINK from Binance to pay it back;
• 1 hour ago, "Hyperliquid 50x Whale" sold PAXG and continued to increase his LINK position. He bought PAXG on the chain and sold it on Binance.
• Half an hour ago, when the "Hyperliquid 50x Whale" continued to increase his LINK positions, he continued to borrow 500,000 LINK (US$7.2 million) from Aave and then transferred it to Binance, and he should have sold it on Binance.