A trader once made $49 million by short-selling crypto that was only worth $24 million with ether in just 12 seconds

Hyperliquid trader with the name pension-usdt.eth was forced to close a short position of 50,000 ETH when ether surged, with five liquidation orders contributing to pushing the price higher during the position unwind.

Source: CoinDesk
🌍 Updated by GemCrypto

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#Ethereum #Crypto