Hyperliquid’s 50x leveraged whale was liquidated for 20x long LINK, losing $1.076 million

Odaily News Hyperliquid made a profit of over 10 million US dollars with 50x leverage. The whale went long on LINK in the eighth leveraged transaction recently, but was eventually liquidated due to the high-leverage rolling strategy.
The whale initially went long on LINK with 20x leverage and gradually expanded its position to 2.64 million LINK (about $37.41 million). Although its initial margin was only $1.076 million, it was able to continue to increase its position because of the previously accumulated profits as additional margin.
However, the price fluctuation of LINK caused the long order to be liquidated, and the whale lost all its margin of $1.076 million, which was its first loss since March 2. So far, the whale's cumulative leveraged profit has shrunk from the peak of $12.386 million to $11.31 million.