Investigation Report: Detailed Analysis of the Hyperliquid Whale Incident
Key Points Research indicates that a whale on the #Hyperliquid platform used 50x leverage to go long on $LINK, profiting approximately $16 million, but subsequently faced liquidation within 10 minutes.
Evidence tends to show that the event involved a whale quickly trading from an initial deposit of $1.07 million, leading to liquidation, consistent with their usual quick decision-making style. This event has sparked discussions about the risks of high leverage trading, and the Hyperliquid platform may need to adjust its risk management measures. Event Overview
Hyperliquid is a decentralized perpetual contract exchange that allows high leverage trading, attracting a large number of traders. Recently, a whale trader used 50x leverage to go long on $LINK (Chainlink), starting with an initial deposit of $1.07 million, achieving a staggering profit of about $16 million in just 10 minutes. However, their position was subsequently liquidated due to market fluctuations or issues with capital management, resulting in significant losses.
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