Odaily News In response to the previous incident that "a certain address imitated the 50x leveraged whale operation on Hyperliquid and dumped 398 million JELLY short orders to Hyperliquid, causing the Hyperliquid vault to face liquidation and losses", Sonic Labs co-founder Andre Cronje posted on the X platform: Position size is not a fixed function of leverage, but depends on available liquidity and realized volatility. Small positions can be 1000x leverage, and large positions are only 1.2x. There can be no fixed values in DeFi.