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Bob
@sharden
Is a trader trying to nuke Hyperliquid? A trader opened a $12M short position on Hyperliquid, then removed margin — self-liquidating on the Jelly Lelly token. Right after that, he opened a long and is now up $4.9M in profit. Because of this, Hyperliquid itself had to take on the short position. In total, Hyperliquid has lost $12M in the past 24 hours. If the token price exceeds $0.17, the platform’s vault will be liquidated, potentially leading to losses of around $240M. There are also suspicions that certain funds are intentionally pushing the token’s price up to trigger liquidation. Just in case — it might be smart to withdraw your funds from the platform.
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