A whale-driven 2.5x spike in Hyperliquid’s XPL pre-market wiped out $17M in positions and triggered auto-deleveraging. Hyperliquid says no bad debt occurred but will add new safeguards and external perp data to better manage volatility.

A whale-driven 2.5x spike in Hyperliquid’s XPL pre-market wiped out $17M in positions and triggered auto-deleveraging. Hyperliquid says no bad debt occurred but will add new safeguards and external perp data to better manage volatility.

The Block •

Revision history

5 recorded changes

Want your article here?

Promote with Leviathan News

More on ADL

After $10B+ liquidations, Hyperliquid’s ADL event rewired altcoin liquidity, creating winners, abandoned pairs, and higher execution costs.

After $10B+ liquidations, Hyperliquid’s ADL event rewired altcoin liquidity, creating winners, abandoned pairs, and higher execution costs.

𝕏 ·

Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer

Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer

𝕏/@0xdoug ·

After $10B+ liquidations, Hyperliquid’s ADL event rewired altcoin liquidity, creating winners, abandoned pairs, and higher execution costs.

After $10B+ liquidations, Hyperliquid’s ADL event rewired altcoin liquidity, creating winners, abandoned pairs, and higher execution costs.

𝕏 ·

Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer

Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer

𝕏/@0xdoug ·

Explore the full feed

Up nextYield Basis confirms hybrid ETH vault is now live after governance approval, opening early access to new yield strategies and marking next phase of protocol growth