ZRO Whales Incurred Significant Losses Following KelpDAO Incident

A recent market downturn has led to significant financial losses for one investor. A long position held by a whale on HyperLiquid in the cryptocurrency ZRO was partially liquidated due to the market fluctuations following the KelpDAO incident.

According to Onchain Lens monitoring, the LayerZero bridging exploit resulted in a substantial loss of approximately $294 million for KelpDAO. This led to a sharp decline in the value of ZRO, falling from $2 to $1.4.

The partial liquidation of the whale's long position resulted in a direct loss of $2.88 million. The affected investor still holds the position and is facing unrealized losses exceeding $750,000, with total losses of approximately $28.98 million.