With the recovery of the market, the whale operation on Hyperliquid has once again attracted market attention. From the event driven high leverage game of "50x Brother" @ qwatio, to James Wynn's MEME coin hunting and massive vault operations, to low leverage trial waters and steadfast short sellers, the whales have staged a series of capital and confidence duels with their distinct styles. @Qwatio, known as the "Hyperliquid 50X Brother," has profited millions of dollars through high leverage and precise timing capture with 50x operations. He often uses macro events as nodes to conduct reverse two-way transactions and precise battles. Buying and selling at a high level during the ETH panic phase further reflects its contrarian perspective. But the style is extremely aggressive, with both risk and return of liquidation. James Wynn focuses on the MEME coin direction, with a current PEPE position floating profit of up to $23 million. He is better at capturing trends with moderate leverage and has set up the platform's largest treasury. Although the overall returns are average, his personal account has accumulated profits of over 45 million US dollars. He is also controversial for promoting certain projects, but he is still recognized by the market as a 'legendary trader'. In addition, a mysterious whale made a profit of $8 million within a week through low leverage mainstream currency operations, but closed all positions due to market downturns after chasing high prices, exposing problems with insufficient operational rhythm and judgment. And another bear whale, with over $50 million in funds, heavily shorted BTC, ETH, and SOL. Although it currently has a floating loss of $3 million, its explosive position is extremely high, seemingly reversing the trend of high gambling. Looking at these whale traders, it is not difficult to see that they are more or less focused on high liquidity assets such as BTC, ETH, and SOL, with different styles, but without exception, they have strong funds and dare to play games. For ordinary investors, although these strategies are worth learning from, they should not be blindly imitated. The true winning rate comes from profound understanding, proprietary systems, and robust execution. Success cannot be replicated, but risks are easily magnified.