Whale Suffers $7.18M Loss on 5x HYPE Long Position After Liquidation

Whale Incurs Massive Loss on 5x HYPE Long Position

On January 15, according to data monitored by Onchain Lens, the whale address '0xBd8' closed its 5x leveraged long position on HYPE, incurring a loss of approximately $7.18 million.

In total, the whale's losses from this trade amounted to $8.09 million, after which the remaining funds were withdrawn from the HyperLiquid platform.

This incident serves as a strong reminder of the risks associated with high-leverage trading, particularly in the volatile cryptocurrency market, where a small move can lead to significant losses.

• The whale incurred a $7.18M loss after closing its HYPE long position
• Total losses reached $8.09M
• Remaining funds were fully withdrawn from HyperLiquid