Crypto Whale Wiped Out by Four Liquidations on Hyperliquid

A cryptocurrency whale with an ETH long position on Hyperliquid lost approximately $14.11 million after four liquidations in quick succession.

The incident occurred on February 26, 2025, when the whale's Ethereum (ETH) price struggled to gain upward momentum and briefly fell below the $1,600 threshold.

The position was immediately at a loss with an average entry price of $1,661 per ETH. It was liquidated four separate times, resulting in a total loss of 8,734 ETH.

This event highlights the dangers of using excessive leverage in volatile markets and underscores the importance of setting appropriate stop-loss orders and managing risk exposure.