💰An address has become the largest loser on Hyperliquid, with cumulative losses exceeding $40 million in recent months.
According to Lookonchain @lookonchain monitoring, address #0xa523 has accumulated losses of over $40 million in less than a month, surpassing @AguilaTrades, @qwatio, and @JamesWynnReal, making it the largest loser on the Hyperliquid @HyperliquidX platform. Previously, it sold 886,287 $HYPE at a loss of $39.66 million; had it held, it would now have an unrealized gain of nearly $9 million. Subsequently, it incurred losses of over $35 million on $ETH long positions, and after switching to short positions, it lost another $614,000. Currently, it still has an unrealized loss of about $2.33 million on $BTC long positions.
Whale 0xa523 lost over $40M in less than a month, surpassing @AguilaTrades, @qwatio, and @JamesWynnReal to become the biggest loser on #Hyperliquid!
His list of losses is staggering:
He previously sold 886,287 $HYPE($39.66M) at a loss. If he had held, it would be an unrealized gain of nearly $9M today.
He then lost over $35M on an $ETH long.
He switched to an $ETH short, only to lose another $614K.
He is currently down another $2.33M on his $BTC short.
11.48K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.