$740K just got wiped out; the DOGE long is only 5.5% away from liquidation
At 11:44 p.m. last night, an address (0x610b…) had part of its long positions in $DOGE , XRP, and LIT forcibly liquidated on Hyperliquid. The three trades totaled about $2.28 million, with losses of approximately $741,800.
Dogecoin accounted for the biggest loss: about 19.73 million coins were liquidated, for a loss of roughly $396,000. XRP lost about $286,500, and LIT about $59,300.
The positions haven’t been fully closed. It still holds a long position of about 78.93 million $DOGE , with 5x leverage, an average entry price of around $0.0872, and a notional value of about $5.39 million. It is already down about $1.49 million on paper. The liquidation price is around $0.0645, just about 5.5% below the current price.
The same account also has a long position of about 2.835 million XRP with 5x leverage, down around $1.09 million on paper, as well as a 3x isolated-margin SOL long position, down around $530,000. Including the remaining LIT position, the four positions have a combined notional value of about $11.8 million and unrealized losses of around $3.29 million, leaving account equity of only about $1.15 million. Cumulative losses on futures are about $3.36 million.
The Binance $DOGE perpetual is currently around $0.0683, down about 2.24% over the past 24 hours.
All these long positions were entered well above the current price, and the largest one is already close to liquidation. If prices fall further, the remaining positions may not hold up.
Beginners should observe more and trade less. If you’re buying crypto, stick to $BTC .
At 11:44 p.m. last night, an address (0x610b…) had part of its long positions in $DOGE , XRP, and LIT forcibly liquidated on Hyperliquid. The three trades totaled about $2.28 million, with losses of approximately $741,800.
Dogecoin accounted for the biggest loss: about 19.73 million coins were liquidated, for a loss of roughly $396,000. XRP lost about $286,500, and LIT about $59,300.
The positions haven’t been fully closed. It still holds a long position of about 78.93 million $DOGE , with 5x leverage, an average entry price of around $0.0872, and a notional value of about $5.39 million. It is already down about $1.49 million on paper. The liquidation price is around $0.0645, just about 5.5% below the current price.
The same account also has a long position of about 2.835 million XRP with 5x leverage, down around $1.09 million on paper, as well as a 3x isolated-margin SOL long position, down around $530,000. Including the remaining LIT position, the four positions have a combined notional value of about $11.8 million and unrealized losses of around $3.29 million, leaving account equity of only about $1.15 million. Cumulative losses on futures are about $3.36 million.
The Binance $DOGE perpetual is currently around $0.0683, down about 2.24% over the past 24 hours.
All these long positions were entered well above the current price, and the largest one is already close to liquidation. If prices fall further, the remaining positions may not hold up.
Beginners should observe more and trade less. If you’re buying crypto, stick to $BTC .
