Liquidation

Arkham Intelligence flagged a major Hyperunit whale—believed to be a Chinese entity—on the losing side of a forced deleveraging that triggered a $250M Ethereum liquidation and left the actor with over $5 billion in realized and unrealized losses. The move intensified short-term volatility across ETH markets.

Solana fell about 15% on Friday to a two-year low after a major whale was fully liquidated on a long, realizing roughly $16 million in losses. The move puts the $70 area into focus as a crucial support level for bulls.

DAEX has halted all trading and entered voluntary liquidation, with the appointed liquidator calling on creditors to lodge claims. Investors face uncertainty over possible recovery of funds and are urged to monitor official notices.

A single trader burned roughly $3 million to create about $5 million of loss in Hyperliquid’s vault, an on-chain episode observers called "performance art." The move has sparked fresh debate over protocol risk and market manipulation.

Hyperliquid paused deposits and withdrawals after a trader's attempt to manipulate memecoin POPCAT triggered major liquidations and significant losses for its liquidity provider.