Hyperliquid raised its margin requirements on March 15 following a whale-triggered liquidation of a $200 million ETH long position, which caused the HLP vault to lose $4 million

  • Claim

Name

Hyperliquid raised its margin requirements on March 15 following a whale-triggered liquidation of a $200 million ETH long position, which caused the HLP vault to lose $4 million

Types

Claim

Quotes that support claims

Two days prior, a whale trader intentionally liquidated a roughly $200 million ETH long position, causing HLP to lose $4 million while unwinding the trade
Since March 15, Hyperliquid has required traders to maintain a collateral margin of at least 20% on certain open positions to “reduce the systemic impact of large positions with hypothetical market impact upon closing.”

Related projects

Hyperliquid

Referenced by

Technical breakdown

Crypto news

Data block