Odaily News Trader TechnoRevenant explained the chain liquidation incident of XPL on Hyperliquid this week. He stated that he originally planned to build a position in batches with 44,444 USDC, but due to a slip of the hand, he input 444,444 USDC, leading to a rapid liquidation of sell orders and triggering large-scale chain liquidations. According to his review, after a 15-hour gap, he hurriedly added a margin of 5 million USD to build a position, executing 40 trades to buy 9.42 million XPL, which directly pushed the coin price from 0.587 USD to 0.65 USD, subsequently triggering large-scale liquidations. In less than 20 minutes, the price of XPL surged over 200%, with a total liquidation scale of 159 million USD across the market, while he personally profited about 38 million USD during the sharp price increase.
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TechnoRevenant: Triggered a series of Get Liquidated due to a slip of the hand, unexpectedly profited $38 million within 20 minutes.
Odaily News Trader TechnoRevenant explained the chain liquidation incident of XPL on Hyperliquid this week. He stated that he originally planned to build a position in batches with 44,444 USDC, but due to a slip of the hand, he input 444,444 USDC, leading to a rapid liquidation of sell orders and triggering large-scale chain liquidations. According to his review, after a 15-hour gap, he hurriedly added a margin of 5 million USD to build a position, executing 40 trades to buy 9.42 million XPL, which directly pushed the coin price from 0.587 USD to 0.65 USD, subsequently triggering large-scale liquidations. In less than 20 minutes, the price of XPL surged over 200%, with a total liquidation scale of 159 million USD across the market, while he personally profited about 38 million USD during the sharp price increase.