{"id":52345,"date":"2025-10-11T16:46:49","date_gmt":"2025-10-11T16:46:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52345"},"modified":"2025-10-11T16:46:49","modified_gmt":"2025-10-11T16:46:49","slug":"largest-ever-crypto-liquidation-event-wipes-out-6300-wallets-on-hyperliquid","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52345","title":{"rendered":"\u2018Largest Ever\u2019 Crypto Liquidation Event Wipes Out 6,300 Wallets on Hyperliquid"},"content":{"rendered":"<div>\n<p>More than 1,000 wallets on Hyperliquid were completely liquidated during the recent violent crypto sell-off, which erased over $1.23 billion in trader capital on the platform, according to data from its leaderboard.<\/p>\n<p>In total, 6,300 wallets are now in the red, with 205 losing over $1 million each according to the data, which was first spotted by <a href=\"https:\/\/x.com\/lookonchain\/status\/1977006597085053039\">Lookonchain<\/a>. More than 1,000 accounts saw losses of at least $100,000.<\/p>\n<p>The wipeout came as crypto markets reeled from a global risk-off event triggered by U.S. President Donald Trump\u2019s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/10\/10\/bitcoin-crashes-below-usd110k-cryptos-in-freefall-on-further-trump-tariff-on-china\">announcement of a 100% additional tariff on Chinese imports<\/a>.<\/p>\n<p>The move spooked investors across asset classes and sent cryptocurrency prices tumbling. Bitcoin briefly dropped below $110,000 and ether fell under $3,700, while the broader market as measured by the CoinDesk 20 (<a href=\"https:\/\/x.com\/FranciscoMemor\/status\/1977019309433274499\">CD20<\/a>) index dropped by 15% at one point.<\/p>\n<p>The broad sell-off led to over <a href=\"https:\/\/x.com\/FranciscoMemor\/status\/1977019309433274499\">$19 billion<\/a> in liquidations over a 24 hours period, making it the largest single-day liquidation event in crypto history by dollar value. According to <a href=\"https:\/\/x.com\/coinglass_com\/status\/1976796969961193641\">CoinGlass<\/a>, the \u201cactual total\u201d of liquidations is \u201clikely much higher\u201d as leading crypto exchange Binance doesn\u2019t report as quickly as other platforms.<\/p>\n<p>Leaderboard data reviewed by CoinDesk shows the top 100 traders on Hyperliquid gained $1.69 billion collectively.<\/p>\n<p>In comparison, the top 100 losers dropped $743.5 million, leaving a net profit of $951 million concentrated among a handful of highly leveraged short sellers.<\/p>\n<p>The biggest winner was wallet 0x5273&#8230;065f, <a href=\"https:\/\/app.hyperliquid.xyz\/explorer\/address\/0x527366e601d2e378aa0e6f488ce318be4948065f\">which made over $700 million from short positions<\/a>, while the largest loser, \u201c<a href=\"https:\/\/app.hyperliquid.xyz\/explorer\/address\/0xb8b9e3097c8b1dddf9c5ea9d48a7ebeaf09d67d2\">TheWhiteWhale<\/a>,\u201d dropped $62.5 million.<\/p>\n<p>Among the victims of the flush is crypto personality Jeffrey Huang, known online as Machi Big Brother, who once launched a defamation suit against ZachXBT, losing almost the entire value of his wallet, amounting to $14 million.<\/p>\n<p>&#8220;Was fun while it lasted,&#8221; <a href=\"https:\/\/x.com\/machibigbrother\/status\/1976789844962783610\">he posted on X<\/a>.<\/p>\n<p>Adding to the uncertainty, the ongoing U.S. government shutdown has delayed the release of key economic data. Without official indicators, markets are flying blind at a time when geopolitical risk is rising.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than 1,000 wallets on Hyperliquid were completely liquidated during the recent violent crypto sell-off, which erased over $1.23 billion in trader capital on the platform, according to data from its leaderboard. In total, 6,300 wallets are now in the red, with 205 losing over $1 million each according to the data, which was first [&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-52345","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\/52345","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=52345"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52345\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}