On December 25th, FOGO on the Hyperliquid platform surged 550% in just 15 minutes, triggering approximately $1.49 million in short liquidations. Meanwhile, a long wallet locked in $500,000 profit through automatic position reduction, and this wallet had only opened its position 7 hours prior. Another wallet attempting to short lost about $100,000 USDC in margin.
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On December 25th, FOGO on the Hyperliquid platform surged 550% in just 15 minutes, triggering approximately $1.49 million in short liquidations. Meanwhile, a long wallet locked in $500,000 profit through automatic position reduction, and this wallet had only opened its position 7 hours prior. Another wallet attempting to short lost about $100,000 USDC in margin.