Foresight News report, according to Lookonchain monitoring, the crazy squeezing behavior caused Hyperliquidity Provider (HLP) to lose approximately $12 million in the past 24 hours. The address starting with 0xde95 shorted JELLYJELLY on HyperliquidX and withdrew margin, causing HLP to passively liquidate a short position worth $4.5 million. Meanwhile, a newly created wallet "0x20e8" opened a long position on HyperliquidX, with unrealized profits currently exceeding $8.2 million.
A new wallet opened a JELLYJELLY long position on Hyperliquid, with unrealized profits exceeding $8.2 million
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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