According to Coinbob's tracking of popular addresses, on January 30, a whale's silver-mapped contract (SILVER) on Hyperliquid faced consecutive liquidations due to a short-term drop in the spot silver price.
The address experienced 46 major liquidations starting at 17:45, with total losses amounting to approximately $29.3 million. The largest single liquidation involved 187,319 units, equivalent to about $18.13 million. The whale's SILVER position has now been completely liquidated, resulting in a total loss of around $4 million.
This event highlights the high risks associated with leveraged trading during extreme market conditions and serves as a reminder for investors to exercise caution in managing positions and risks when dealing with volatile assets.