Trader loses $3M as leveraged Fartcoin position unwinds on Hyperliquid

Trader loses $3M as leveraged Fartcoin position unwinds on Hyperliquid

0.92%TRX$0.3203 1.06%LINK$8.91 1.79%ADA$0.2516 1.16%BCH$443.24 0.65%XRP$1.34 0.85%ETH$2,186 0.24%BTC$71,884 1.35%XMR$347.69 6.27%BNB$601.38 0.30%XLM$0.1549 0.56%SOL$82.91 1.15%HYPE$40.17 3.75%USD Written by Ezra Reguerra,Staff WriterReviewed by Bryan O'Shea,Staff EditorTrader loses $3M as leveraged Fartcoin position unwinds on Hyperliquid14 hours agoHyperliquid data showed a 145 million Fartcoin position unwound across wallets, with the platform redistributing about $849,000 in gains to opposing traders. A trader lost about $3 million after building a large leveraged Fartcoin position on Hyperliquid that unraveled in thin liquidity, triggering the platform’s auto-deleveraging (ADL) mechanism. Hyperliquid data flagged by Lookonchain shows that the trader accumulated about 145 million tokens across multiple wallets before being liquidated. The liquidation redistributed gains to opposing tr

Source: https://cointelegraph.com/news/trader-loses-3m-fartcoin-hyperliquid-adl-liquidation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound