BlockBeats News, December 25 — According to MLM monitoring, on Hyperliquid, as FOGO surged 550% within 15 minutes, a short position worth approximately $1.49 million (pre-market) was just liquidated in a cascade. This chain liquidation also triggered an auto-deleveraging (ADL) for a long wallet, which locked in about $500,000 profit in less than 30 minutes. Notably, this wallet had established a long position about 7 hours earlier using TWAP and was created with a new wallet address. Address link: https://hypurrscan.io/address/0xb2f42334fffc3947b4c79c7e3dc3d387d391f148 The largest single liquidation came from a wallet that was still attempting to short FOGO during the short squeeze (essentially adding fuel to the fire). This wallet’s independent short position was liquidated by the system within 10 minutes, losing about $100,000 USDC margin on a position with a nominal value of $224,000. Address link: https://hypurrscan.io/address/0x4013eb7da81902a556146861dc50e9c0f515238d
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
