How to track Hyperliquid whales, and which ones are worth following

Why can you see every Hyperliquid trader’s positions?

Because Hyperliquid runs its order book on its own blockchain. Unlike a centralised exchange, where only the exchange sees who holds what, Hyperliquid writes every account’s positions, fills, liquidations and profit to public state that anyone can query. That makes it the most transparent major venue for perpetual futures — and the easiest place in crypto to follow large traders as they trade.

Where do you find Hyperliquid whale wallets?

The quickest source is Hyperliquid’s own leaderboard, which lists accounts by profit over the last day, week, month and all time. From there you can open any address in the Hyperliquid explorer to see its positions and history. The catch: sorting by profit puts a lucky one-off trade and a market-making bot right next to a genuinely skilled trader.

The Track100x leaderboard starts from the same accounts but ranks them by a Trader Score instead, so the list you start from is already filtered for skill.

How do you read a whale’s position?

For each open position, four numbers tell you most of what matters:

1. Size relative to the account. A $5M long is a conviction bet for a $10M account and noise for a $200M one.
2. Leverage. 3x and 25x on the same coin are very different views of risk.
3. Entry price versus mark price. Shows whether the trader is in profit and how much room they have before changing their mind.
4. Liquidation price. How far the market has to move against them before the position is forcibly closed.

A single position rarely tells the whole story. Look at everything the account holds — a big BTC long can be partly offset by shorts elsewhere.

Which whales aren’t worth following?

Three kinds of account look impressive on a profit leaderboard but make poor signals:

Vaults and funds can also hedge on venues you can’t see, so a large Hyperliquid short might be one leg of a market-neutral trade rather than a bearish bet.

How do you judge a whale’s track record?

Look at the shape of the profit curve, not just the total. A good record shows steady gains across many periods with shallow drawdowns. Ask three questions: how much of the profit came from one stretch, how deep was the worst fall from a peak, and is the account still trading? That is exactly what the Track100x Trader Score measures — profitability (30 points), consistency (25), risk control (25), activity (10) and account size (10).

How do you get alerts when a Hyperliquid whale trades?

Set up alerts in three steps: (1) open a trader’s page or send their address to the Track100x Telegram bot, (2) tap Follow, (3) wait for a message. Track100x checks followed accounts every minute and messages you when one opens, adds to, trims, closes or flips a position, with size, price and leverage.

What is Smart Money positioning?

Smart Money is the combined positioning of the best-scored traders. Instead of watching one whale, the Smart Money board shows, market by market, how much the top 30 accounts hold long and short. When most of them lean the same way on a coin, that consensus is often more useful than any single position.

What are the risks of following whales?

Following a good trader isn’t the same as copying them. You enter later and at a different price, you may not see their hedges, and their account size lets them sit through drawdowns that could liquidate a smaller account. Use whale activity as information, size every trade for your own account, and never risk money you can’t afford to lose.