Analysis: Hyperliquid's institutional transaction wallet being identified sparks a privacy debate.

CoinFeed reported on March 12 that Eye, the on-chain analyst who previously uncovered the "1011 insider whale" scandal, posted on the X platform that some institutional traders active on the decentralized contract exchange Hyperliquid showed discomfort after their on-chain trading wallets were identified. They even proactively contacted relevant on-chain analysts, pressuring them to stop disclosing related information, largely due to the possibility that their losing trades might be known to the outside world. Eye emphasized that the blockchain ledger is a public record, and all relevant transaction data is traceable on-chain.