Hyperliquid Market Sees Chaos, Millionaire Wallets Wiped

[madmax]

Over 250 wallets on Hyperliquid lost millionaire status following the weekend’s crypto market turbulence. Experts speculate that the “insider whale” may have triggered a massive leverage cascade affecting BTC and ETH. Meanwhile, another trader opened an $11 million 40x long on Bitcoin. Unregulated markets continue to spark concerns over insider trading and zero accountability.

[Nahid10]

Extreme leverage remains crypto’s biggest double-edged sword — fortunes made and lost in hours.

[EmTeam]

Events like this remind traders that even advanced markets can crumble under sudden volatility.