BlockBeats news, October 17: The STRK perpetual contract on Hyperliquid was recently trading at $0.0665, down about 13% from the previous day's reference price. Two whale addresses holding STRK long positions have seen either substantial unrealized losses or liquidation losses.

The largest STRK long address, 0xd978…2fd9, holds a long position of about 64.2 million STRK, worth approximately $4.25 million. Using 5x cross-margin leverage, it is currently down about $1.019 million, with a return on the position of around -96%.

Another address, 0x3392…d367, had its STRK long position liquidated tonight. About 21.36 million tokens were forcibly closed, worth approximately $1.466 million, realizing a loss of around $207,000. The address subsequently opened another long position of about 4.79 million STRK, with a current value of approximately $319,000, using 5x isolated margin leverage and a liquidation price of around $0.059.