Hyperliquid's treasury lost more than $4 million in short term
On March 12, according to official data, Hyperliquid Provider suffered a short-term loss of more than US$4 million, which was caused by the "Hyperliquid 50 times leveraged giant whale actively closed its position" of 160,000 ETH. These 160,000 ETH (US$306 million) orders were closed at US$1,915 and taken over by Hyperliquid Treasury to complete the liquidation. Due to the huge amount, the continued decline of ETH during the closing process will result in losses, and this part of the loss has been borne by HLP.
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