WHALE POSITIONS · HYPERLIQUID
MERL whales.
The largest open MERL positions on Hyperliquid, ranked by notional value, plus the recent large trades in this market. Built from 221 open positions across 221 wallets.
Largest open MERL positions
BY NOTIONAL VALUE| # | Position value | Leverage | Unrealized PnL | Liq. price |
|---|---|---|---|---|
| Long 1 | $33.43K | 3x | -$1.06K | —-100.00% away |
| Long 2 | $32.33K | 3x | -$20.43K | —-100.00% away |
| Long 3 | $17.8K | 3x | $3.88K | —-100.00% away |
| Long 4 | $16.49K | 3x | $2.54K | —-100.00% away |
| Long 5 | $13.83K | 3x | -$594.64 | —-100.00% away |
| # | Position value | Leverage | Unrealized PnL | Liq. price |
|---|---|---|---|---|
| Short 1 | $139.29K | 3x | $147.84K | $1.23+5,409.59% away |
| Short 2 | $6.13K | 3x | $1.28K | $4.31+19,106.75% away |
| Short 3 | $5.15K | 3x | -$423 | $0.836861+3,633.65% away |
| Short 4 | $5.06K | 20x | -$21.28 | $9.74+43,363.44% away |
| Short 5 | $4.32K | 3x | $426.24 | $0.460006+1,952.32% away |
Snapshot taken . Positions refresh about every 15 minutes. Distance is the move needed to reach each liquidation price. Wallet addresses are shown in the Proliquid whale tracker.
Recent MERL whale trades
5-MINUTE DELAY| Time (UTC) | Action | Size | Price | Realized PnL |
|---|---|---|---|---|
| No MERL whale trades in the current window. The feed covers the latest large fills across all markets. | ||||
Updated . Trades newer than five minutes appear only in the Proliquid whale tracker.
Whales closest to liquidation
Full liquidation map| # | Position value | Leverage | Unrealized PnL | Liq. price | Risk |
|---|---|---|---|---|---|
| No long positions in this snapshot. | |||||
| # | Position value | Leverage | Unrealized PnL | Liq. price | Risk |
|---|---|---|---|---|---|
| No short positions in this snapshot. | |||||
Nearest liquidation: 13.49% below price for longs, 59.44% above price for shorts.
Know who is buying.
Before the candle closes.
Proliquid streams every large Hyperliquid fill with the trader's realized PnL over 7 days, 30 days, and all time.
- Live whale trades and liquidations
- Wallet-level PnL history on every alert
- Open the market in Terminal from any fill
Whales in other markets
All marketsFollowing MERL whales
Hyperliquid positions are public, so the biggest MERL longs and shorts can be ranked directly by notional value rather than inferred from volume. A large position near its liquidation price is a level to watch: if price gets there, the forced close adds fuel to the move.
The trade feed shows large fills with a five-minute delay. Opens show new conviction, closes show profit-taking or capitulation, and liquidations show where leverage was flushed. Combine it with the MERL funding rate and liquidation map for a full picture of positioning.
What counts as a MERL whale trade?
Proliquid watches Hyperliquid fills and flags trades above a notional threshold that changes with the market. The public feed shows the market, direction, size in USD, and price for each large fill. Positions are ranked by current notional value, so the table changes as whales add, reduce, or get liquidated.
Is the whale feed live?
This page shows large trades with a five-minute delay and refreshes when you reload it. The Proliquid whale tracker streams the same fills in real time, with wallet-level PnL and one-click market access.
Can I see which wallets are trading?
The public page does not list wallet addresses. Hyperliquid positions are readable on-chain, and the Proliquid whale tracker shows the trader behind each fill together with their realized PnL over 7 days, 30 days, and all time.
What does the long/short bias mean?
The bias splits recent whale notional into buy-side flow (opening longs, closing shorts, and short liquidations) and sell-side flow (opening shorts, closing longs, and long liquidations). It describes what large traders did recently, not where price is going.