{"id":17389,"date":"2025-03-12T12:46:54","date_gmt":"2025-03-12T12:46:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17389"},"modified":"2025-03-12T12:46:54","modified_gmt":"2025-03-12T12:46:54","slug":"hyperliquid-loses-4m-after-whales-over-200m-ether-trade-unwinds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17389","title":{"rendered":"Hyperliquid Loses $4M After Whale&#8217;s Over $200M Ether Trade Unwinds"},"content":{"rendered":"<div>\n<p>The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the &#8220;whale&#8221; placed the bet.<\/p>\n<p>The liquidation saw wallet \u20180xf3f4\u2019 opening a highly leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH.<\/p>\n<p>The wallet then started withdrawing funds, reducing the margin below maintenance requirements in a move that resulted in a $1.8 million profit for the user but a $4 million loss for Hyperliquid\u2019s Hyperliquid Provider (HLP) vault.<\/p>\n<p>Vaults are a blockchain-based product on Hyperliquid where users can deposit USDC to potentially earn a share of profits generated by trading strategies of other users or the vault\u2019s owner.<\/p>\n<p>The moves created speculation among Hyperliquid users of a possible exploit of the platform, a rumor it doused in an X post.<\/p>\n<p>\u201cThere was no protocol exploit or hack,\u201d Hyperliquid said. \u201cThis user had unrealized PNL, withdrew, which lowered their margin, and was liquidated. They ended with ~$1.8M in PNL. HLP lost ~$4M over the past 24h. HLP&#8217;s all-time PNL remains at ~$60M. As a reminder, HLP is not a risk-free strategy.\u201d<\/p>\n<p>Hyperliquid added that it will update the maximum leverage for bitcoin (BTC) and ETH to 40x and 25x, respectively, to increase maintenance margin requirements for larger positions as a preventive measure for similar moves in the future.<\/p>\n<p>Hyperliquid\u2019s HLP vault still has an all-time profit of $60 million, data shows. Meanwhile, the platform\u2019s HYPE token dropped from $14 to under $13 in a knee-jerk move after the liquidation, though it has since fully recovered the brief slide as of late Asian hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the &#8220;whale&#8221; placed the bet. The liquidation saw wallet \u20180xf3f4\u2019 opening a highly leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH. The wallet then [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17389","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17389"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17389\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}