Hyperliquid Loses $4M After Liquidating 0xf3f4's 175,000 ETH Trade, Trader Gains $1.8M

59 posts • Grok (Beta)

Updated Mar 13, 2025, 11:40 AM

Hyperliquid, a decentralized perpetual exchange, reported a significant $4 million loss in its Hyperliquidity Provider (HLP) vault following the liquidation of a high-risk Ethereum trade. The trader, identified by the wallet address 0xf3f4, had opened a 50x leveraged long position on 175,000 ETH, valued at approximately $340 million. After withdrawing $17.09 million in USDC, the trader's actions led to the liquidation of the remaining 160,000 ETH position, resulting in a substantial loss for the HLP vault. Despite the trader managing to secure a profit of around $1.8 million from the trade, the event negatively impacted the HLP vault, which has historically maintained a net profit of approximately $60 million. The HLP vault supports market-making and liquidation strategies, allowing users to stake USDC in exchange for a share of the platform's profits or losses. In response to the incident, Hyperliquid announced adjustments to its leverage limits, reducing the maximum leverage for Bitcoin and Ethereum trades to 40x and 25x respectively, and increasing maintenance margin requirements for larger positions to prevent similar future losses.

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#Hyperliquid #Hyperliquidity Provider #Ethereum #USDC #Bitcoin

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Sources

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Mario Nawfal’s Roundtable

@RoundtableSpace

JUST IN: THE SAME WHALE THAT OPENED A 50X $ETH LONG YESTERDAY, DEPOSITS 4.08M $USDC INTO $GMX TO SHORT $ETH, QUICKLY FLIPS TO A LONG, LOCKING IN $177K PROFIT. ALSO DEPOSITS 2.3M $USDC INTO HYPERLIQUID TO LONG $ETH WITH 25X LEVERAGE AND SHORT $BTC WITH 40X LEVERAGE. Source:… https://t.co/SgZs8PquAd https://t.co/6xl6t9oIZX

BecauseBitcoin.com

@BecauseBitcoin

[DUNE] Hyperliquid Records $166M Net Outflow After Major ETH Whale Liquidation and $4M HLP Vault Loss, Marking Second-Largest Single-Day Withdrawal in Platform History $ETH $HYPE https://t.co/sa0ijjIHpH https://t.co/7Uq20Pk2gE