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A Whale Contract Loses Over $40 Million in a Single Month, Becomes Hyperliquid's Biggest "Loser"

6 hours ago

On September 9th, as monitored by lookonchain, Whale 0xa523 has suffered a loss of more than 40 million US dollars in less than a month. This has surpassed AguilaTrades, qwatio, and James Wynn, making it the biggest loser on Hyperliquid. The details of his loss are as follows: He previously sold 886,287 HYPE tokens at a loss, amounting to 39.66 million US dollars. If he had held them until now, he would have had nearly 9 million US dollars in unrealized gains. Subsequently, he incurred a loss of over 35 million US dollars in an ETH long trade. Then, he switched to shorting ETH and suffered an additional loss of 614,000 US dollars. Currently, he has lost another 2.33 million US dollars in a BTC long trade.
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If Bitcoin falls below $110,000, the mainstream CEX long liquidation volume will reach $1.33 billion.

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