Trader Techno_Revenant explained the XPL cascading liquidation event on Hyperliquid this week. He said that he originally planned to build a position in batches with 44,444 USDC, but due to a slip of the hand, he entered 444,444 USDC, which led to sweeping away the sell orders in a short period of time, triggering a large-scale cascading liquidation.According to his review, he hurriedly added $5.00 million USD in margin to build a position after a 15-hour gap, buying 9.42 million XPL in 40 transactions, directly pushing the coin price from $0.587 USD to $0.65 USD, and then triggering a large-scale liquidation. In less than 20 minutes, the price of XPL once soared by more than 200%, with a total liquidation scale of $159.00 million USD in the entire market, while he personally profited about $38.00 million USD during the rapid rise of the market. [Odaily]
Trader Techno_Revenant explained the XPL cascading liquidation event on Hyperliquid this week. He said that he originally planned to build a position in batches with 44,444 USDC, but due to a slip of the hand, he entered 444,444 USDC, which led to sweeping away the sell orders in a short period of time, triggering a large-scale cascading liquidation.According to his review, he hurriedly added $5.00 million USD in margin to build a position after a 15-hour gap, buying 9.42 million XPL in 40 transactions, directly pushing the coin price from $0.587 USD to $0.65 USD, and then triggering a large-scale liquidation. In less than 20 minutes, the price of XPL once soared by more than 200%, with a total liquidation scale of $159.00 million USD in the entire market, while he personally profited about $38.00 million USD during the rapid rise of the market. [Odaily]
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