Post #8631

💥 A $67M HYPE Short Just Got Completely Wiped Out One of the largest liquidations in the HYPE market just played out. A cluster of 55 connected accounts held more than 2.1 million HYPE in shorts, and the entire position was blown out. ➡️ The trader started stacking shorts around November 22 after Hyperliquid unstaked 2.6 million HYPE ahead of the TGE anniversary ➡️ Aggressive selling managed to push the token below 30 dollars ➡️ An on-chain researcher from MLM Labs posted a simple “LOL” and the community began digging ➡️ The link between the 55 wallets became obvious and the Hyperliquid community turned its attention to the short cluster ➡️ Three squeeze attempts followed and the final market flip sent the entire position into liquidation Around 10 million dollars in assets across the wallets disappeared in seconds. A 67 million short position was erased by a single wave of market strength. Shorting the only new innovative protocol with a one-billion-a-year buyback and a liquidation just five percent above entry was never going to end well. ✅Subscribe to@cryp