This week Hanson (Flowdesk) will be hosting two Twitter spaces to discuss the ongoing proposals for Hyperliquid's USDH stablecoin.

To submit your questions ahead of time please use the following respective links:

Agora - Monday 3pm EST
Questions: https://forms.gle/RUYESTVFXhrgLjLF8
Spaces: https://x.com/i/spaces/1vAxRQPOyoXJl

Paxos - Monday 4pm EST
Questions: https://t.co/6xjfciU7Cx
Spaces: https://x.com/i/spaces/1ZkKzZBmMbXKv

Native Markets - Tuesday 1pm EST
Questions: https://t.co/jF08IQXzzf
Spaces: https://x.com/i/spaces/1vOxwdwMQvRKB

Frax - Tuesday 4:30pm EST
Questions: https://forms.gle/gyHTQi6JFFHA64816
Spaces: https://twitter.com/i/spaces/1djGXWjVYzjKZ

I totally missed this, but two days ago Globaldollar (issued by Paxos) bought the USDG (USDG0) ticker on Hyperliquid.

https://hypurrscan.io/tx/0x2c496049dcb4abe12dc3042ae88dcb0202a4002f77b7cab3d0120b9c9bb885cb

A wallet linked to qianbaidu.eth bought 161K HYPE ($7.9M) over the past 12 hours.

https://hypurrscan.io/address/0x746bd928f271434deaaa6682eefe6f82674d4561

The seventh-largest account on Hyperliquid (by volume) just withdrew 213K HYPE ($10.8M) from various exchanges: Bitget, Gate.io, and KuCoin.

https://hypurrscan.io/address/0x87f9cD15f5050A9283b8896300f7c8cf69EcE2cf

Coinspot, the biggest Australian CEX with over $1B in user deposits, received 17K HYPE ($860K) from KuCoin.

https://hyperevmscan.io/address/0xf35a6bd6e0459a4b53a27862c51a2a7292b383d1

$HYPE HITS NEW ALL-TIME HIGH OF $51.16

This wallet received 153K HYPE ($7.9M) from FalconX an hour ago.

https://hyperevmscan.io/address/0x3c36083e8e582f8ecc111eddaa51e39d25dbc78a

It looks like a wallet linked to GSR was just hunted on their Launchcoin short (likely a hedge), which ended in a full liquidation leaving the account at $0


https://x.com/mlmabc/status/1965179018174456100

This wallet deposited 2,930 ETH ($12.6M) to Hyperliquid yesterday and sold it all.

He then bought 209K HYPE ($11.3M) while shorting the same amount on perps, making the position delta-neutral.

A few hours later, he flipped the switch and closed the short, turning the position directional.

He then transferred the HYPE to HyperEVM, liquid-staked it with Kinetiq, and LP’d on Pendle.

https://hypurrscan.io/address/0x720A68BF0813853Cd3Ed74D2fD0F54EdfC7A43E1

https://hyperevmscan.io/address/0x720A68BF0813853Cd3Ed74D2fD0F54EdfC7A43E1

The wallet I posted about a month ago bought HYPE today.

On February 28, he started the account with just $1,019,699.55 and has since grown it to $23.8M.

Instead of cashing out his perp profits, he bought HYPE, buying 197K HYPE ($10.8M) over the past day.

https://hypurrscan.io/address/0x044d0932b02f5045bc00e0a6818b7f98ef504681

Over the past few hours Ray longed 517K HYPE ($28.3M) at an avg price of 53.839.

He also placed a take-profit order to close the position above 100.

https://hypurrscan.io/address/0x69e45d4b853d2864450e0c25d12b43f2ad845272

One of the top holders unstaked 5.07M HYPE ($279M) yesterday.

https://x.com/mlmabc/status/1965389664891687348

Highstakescapital just sold 30K HYPE ($1.6M).

https://hypurrscan.io/address/0x82d8dc80190e6bc1d92b048f9fc7e85e5e1e32ff

USDH Proposal by Ethena!

https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/vG9tVz8p6Da6vX8CiZ30A0CYM3wIiWlIBX6Zlj0qhQ8

So far, we have 16 confirmed validator votes: 10 in favor of Native Markets (69.7% of the total vote), 4 in favor of Paxos (22.83%), and 2 in favor of Ethena (4.27%). Keep in mind that stake can still be moved before the vote concludes.

https://x.com/infinitefieldx/status/1965510433973981560

https://x.com/IMCTrading/status/1965472476965585166

https://x.com/rekt_gang/status/1965525941804814427

https://x.com/flowdesk_co/status/1965536067873878490

https://x.com/janklimo/status/1965632995240575307?s=46

https://x.com/laurentzeimes/status/1965712399580766667?s=46

https://x.com/b__harvest/status/1965682506658881975?s=46

https://x.com/piertwo_com/status/1965595323126153343?s=46

https://x.com/imperator_co/status/1965716973054284091

https://x.com/validaoxyz/status/1965920155780653075

https://x.com/asxn_r/status/1965928372661317885

https://x.com/smartestmoney_/status/1966018814476493107

https://x.com/hypurrcorea/status/1965981542171422936

https://x.com/_Syavel_/status/1966056117152157900

https://x.com/ChorusOne/status/1966039177906053356

https://x.com/0xHyperBeat/status/1966063323243262282

https://x.com/hypurr_co/status/1966073565847191562

FYI, I’m updating the above message with all confirmed validator support and will repin it each time a new one is added.

Track validator support and staking flows for the USDH ticker governance vote on Hyperliquid here: https://www.usdhtracker.xyz/

Over the past 2 hours, this liquid fund sold 312K HYPE ($17.2M).

https://hypurrscan.io/address/0xd282232463d50d54ccbccf0edc5c7562ae47c1e7

A newly created wallet withdrew $10M USDC from OKX, deposited it to Hyperliquid, moved it to the spot market, and has so far bought 8K HYPE ($440K).

https://hypurrscan.io/address/0xec55bc00558498b8ca8ae4a2481aa1b748992c45

*EDIT*: He just started shorting, which indicates the position is delta-neutral

Galaxy deposited 81 BTC ($9.2M) to Hyperliquid and supplied the entire amount on Hyperlend.

https://hyperevmscan.io/address/0xff43c5727fbfc31cb96e605dfd7546eb8862064c#tokentxns