#hype
Loss of 23.52 million dollars!
The "whale" in the crypto world has suffered a liquidation!
According to Hypurrscan data, a cryptocurrency whale who shorted 1.875 million HYPE with 5x leverage finally couldn't hold on 2 hours ago and hurriedly closed the position at a price of 34.633 dollars. The position, originally worth 17.363 million dollars, is now only worth 6.985 million dollars. In just 30 days, this whale has accumulated a loss of 23.522 million dollars, with a loss of 11.803 million in 7 days, and a staggering loss of 5.248 million dollars in just 24 hours!
Looking back at this "high-stakes gamble," this whale previously opened a 5x short position on the Hyperliquid platform and even deposited 2.05 million USDC as additional margin on the 22nd, but even so, they were unable to turn the situation around, facing an unrealized loss of 18.88 million dollars, with the liquidation price once approaching 32.67 dollars. What exactly caused this whale's downfall?
