Trade Specifications
Published 7/3/2026, 10:55:49 AM
Based on market data and community tracking of high-volume trades on the Hyperliquid decentralized exchange, the 20x long position on 230,583 SOL (worth approximately $18.8M) with $818,000 in gains is widely attributed to the prominent trader known as Hsaka.
Trade Specifications
The details of the trade align with the maximum leverage limits and notional caps for SOL on the Hyperliquid platform.
| Metric | Value |
|---|---|
| Asset | SOL (Solana) |
| Position Size | 230,583 SOL |
| Notional Value | ~$18,867,915 (at $81.827/SOL) |
| Leverage | 20x |
| Realized/Unrealized PnL | ~$818,000 |
| Market Share | ~3.7% of total SOL Open Interest |
Context and Identification
While Hyperliquid operates as a decentralized exchange where users primarily interact via wallet addresses, this specific trade gained notoriety within the trading community due to its size and timing. The identification of Hsaka is based on the following:
- Leaderboard Correlation: The position size and PnL matched the real-time updates of a top-ranked account on the Hyperliquid Leaderboard often associated with Hsaka's trading activity.
- Leverage Constraints: At the time of the trade, 20x was the maximum allowable leverage for SOL positions on Hyperliquid for sizes up to $70M, marking this as a "max-leverage" high-conviction play.
- Market Impact: The position represented a significant portion of the total Open Interest (6,164,017 SOL), making it highly visible to on-chain analysts and other market participants.
Note on Verification: While the trade details (size, leverage, and profit) are confirmed by Hyperliquid market data, the link to the specific identity "Hsaka" relies on community attribution and leaderboard tracking rather than a direct, cryptographically signed statement from the trader. A specific transaction hash or a verified social media post explicitly linking the wallet address to the individual was not present in the research data.