Whale deposits and withdrawals: questions and answers
Why track Hyperliquid whale deposits?
A large deposit is often the first sign of a large trade: a whale brings money to open a position. A large withdrawal usually means a whale is leaving the market or taking profit. The table shows what each whale traded within 6 hours, so you can see the link yourself.
Which transfers are shown?
Deposits and withdrawals through the Arbitrum bridge, transfers between HyperCore and HyperEVM, and transfers between addresses, from $250K. Moves between a whale’s own accounts (perps and spot, sub-accounts), staking and vault deposits are not shown.
Who counts as a whale here?
A Hyperliquid wallet with open positions of $10M or more. HyperScan tracks every change in their positions and their deposits and withdrawals. Market makers and vaults are excluded: their transfers are operational.
What is a transfer to HyperEVM?
HyperEVM is the smart contract side of the Hyperliquid blockchain. Moving funds there means the whale takes them out of trading — to DeFi, lending or to bridge further. Funds coming back from HyperEVM can be used for trading again.
How fast do transfers appear?
Deposits and withdrawals that change a whale’s trading account appear within minutes. Transfers that only touch the spot balance are picked up by a regular check, within about two hours.