The top 10 deposits in the Hyperliquid national treasury provided 15.9% of the funds, approximately $36.7 million, and some retail investors' funds are fleeing

According to on-chain analyst @ai_9684xtpa, "Here's an update on the current status of Hyperliquid treasury depositors: The top 10 deposit addresses have provided 15.9% of the treasury funds (about $36.7 million). If leading whales panic and flee, it will further lead to a negative cycle and accelerate the liquidation of the treasury; withdrawal records from the treasury show that some funds are already fleeing, but amounts are not large, possibly due to retail investor behavior."