Whale Liquidations on HyperLiquid Reach New Heights: $96M Lost

Crypto derivatives platform HyperLiquid witnessed a significant amount of liquidations affecting top whales today, exceeding $96 million. Long positions in both Ethereum (ETH) and Solana (SOL), particularly those heavily leveraged, experienced substantial losses due to sudden price swings. Notably, whale “0xB8B” suffered the largest individual loss at $26.46 million on an ETH long position. This event underscores the inherent risk of high leverage trading even for seasoned traders.