FOGO on Hyperliquid Surges 550%, New Address Makes Around $500,000 Profit in Half an Hour

December 25th – MLM Monitor reports a ~$1.49 million pre-market short position on FOGO was liquidated in 15 minutes on Hyperliquid, as the token surged 550%. This chain liquidation triggered an Auto-Deleveraging (ADL) event for a long-position wallet, locking in ~$500k in profit in under 30 minutes. Notably, the wallet opened its long via TWAP just 7 hours prior and uses a newly created address. Address link: https://hypurrscan.io/address/0xb2f42334fffc3947b4c79c7e3dc3d387d391f148 The largest single liquidation hit a wallet that kept adding to its FOGO short during the process (fueling further momentum). The system liquidated the wallet’s isolated short position in 10 minutes, resulting in a ~$100k USDC loss on a $224k nominal-value position. Address link: https://hypurrscan.io/address/0x4013eb7da81902a556146861dc50e9c0f515238d