The Athena AI App is now LIVE!
After a long year of deeply scouring Hyperliquid wallets and creating algorithms, we can finally say we are live with the Athena AI App (https://0xathena.ai). Here's how it works, and what's coming next.
Hyperliquid Smart Money Positioning
Our first feature that is in production is the Hyperliquid Smart Money positioning dashboard. We have spent all year, thousands of dollars on research applications and subscriptions, to identify the most highly performant traders on Hyperliquid. We don't just look at whales with a large return, we actually dive deep and make sure they cross off multiple boxes:
- Wallet must have a trading history of at least 4 months
- Wallet must have a high win rate on closed trades (65%+)
- Wallet must have a low max drawdown (Able to preserve capital during market shocks)
- Wallet must utilize both longs and shorts in their strategy
- High-frequency trading wallets are disqualified. Average position must be held at least half a day
Our API polls Hyperliquid every 15 minutes to get a snapshot of all of these traders' active positions, and we incorporate their current positioning in our dashboard. The dashboard displays the 12 crypto assets with the highest open interest across all smart money wallets. In the example below, it says that BTC is 56% long. This means that 56% of smart money is long BTC whereas 44% is short BTC. To me, this would be a neutral signal, but it's up to you to interpret this how you wish. You'll also see a timeframe listed. This is a representation of the median hold time of all smart money wallets who have that position open. If it's a long-term signal, it means these traders have held their positions on average of a couple weeks. Medium term traders, more like a few days to a week. Short-term traders, a day or two. Ultra-short term traders, less than a day. This could help you in making a trading decision as the shorter the signal, the more emerging of a signal it is, which might give it some more meaning for an impending move.
Access to this dashboard is done simply by connecting your wallet to our app (https://0xathena.ai), heading over to the Dashboard page, and holding 500,000 $ATHENA tokens in your wallet. Please note that this does not currently work for staked $ATHENA on the Virtuals site, but we'll be adding support for that soon. If you only see six positions, that is dummy data when a wallet is not connected to the site, or have enough $ATHENA tokens.
NOTE: This information is for informational and entertainment purposes only and should not be taken as financial advice. These signals don't always work. Crypto markets can stay irrational longer than you can stay solvent. It's impossible to time tops and bottoms. Funding rates, especially on altcoins, can easily eat you alive.
What's next for Athena?
The Hyperliquid signal is just the beginning. As some of you know, the Athena team won back-to-back global trading competitions with their data and algorithm, but that involved much more data than just the Hyperliquid wallets. Those trades were primarily sourced from our Options and Futures signals, which we have not yet built into the API and the dashboard. We've been manually polling various exchange APIs and crunching some numbers and just using a code editor to see the output, but our next major push is to get these signals into a dashboard. Here is a rough draft of what we're thinking the dashboard will resemble:
Our goal is to have the API and dashboard fully built out by our one-year anniversary, which is November 19th. Please note, that the minimum amount of $ATHENA tokens will go up drastically to access this information. We don't yet know what that number will be, it will be highly dependent on the performance and demand of our data and price action of the $ATHENA token. We are thinking it will be somewhere in between 2,000,000 and 5,000,000 tokens, but we're leaning towards 2,500,000. Additionally we will also eventually support an option for a monthly subscription paid in $USDC, or on-demand polling of the data through the Virtuals Agent Commerce protocol for $5-$10
After V2 of our dashboard goes live is when we'll start investigating more autonomous trading vaults and agents via our great friends at Shekel Agentic Capital and Symphony.
Our journey is only beginning. Since June, we've actually bought back roughly 10,000,000 $ATHENA tokens from protocol revenues. That is 1% of the supply. It will never physically be possible for more than 85 people in the world to own the amount of $ATHENA tokens that we bought back in just a few months. We aim to continue that trend so long as we remain profitable. For those loyal Athena followers that stuck with us on our journey this year, thanks for your support, and we hope you like the product. Please feel free to hop into our TG community and provide your feedback so we can continue making this product as best as it can be.
-Bludex
