Hyperliquid Treasury suffered a short-term loss of over 4 million US dollars, possibly due to the 'Hyperliquid 50x leverage Whale' actively getting liquidated, resulting in 160,000 ETH.

BlockBeats news, on March 12, according to official data, the Hyperliquid treasury (Hyperliquidity Provider) suffered a short-term loss of over 4 million US dollars, possibly due to the 'Hyperliquid 50x leverage Whale' being actively liquidated, resulting in 160,000 ETH being liquidated. The 160,000 ETH (306 million US dollars) long order was closed at 1,915 US dollars, taken over by the Hyperliquid treasury for liquidation. Due to the large amount, further decline of ETH during the close position process will result in losses, which have been borne by HLP.