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Wallet Associated with GSR Liquidated for Shorting LAUNCHCOIN, Total Loss Approximately $4 Million

Summary: According to on-chain analyst MLM, a wallet associated with GSR (0xc7e...ce4f) was liquidated due to its short position in LAUNCHCOIN, resulting in a balance of zero. The wallet was liquidated for 64.593 million LAUNCHCOIN, worth $7.8 million, with Hyperliquid LP taking over 42.362 million LAUNCHCOIN, worth $5.2 million, and making a profit of over $800,000. ...

According to on-chain analyst MLM, a wallet associated with GSR (0xc7e...ce4f) was liquidated due to its short position in LAUNCHCOIN, resulting in a balance of zero.

The wallet was liquidated for 64.593 million LAUNCHCOIN, worth $7.8 million, with Hyperliquid LP taking over 42.362 million LAUNCHCOIN, worth $5.2 million, and making a profit of over $800,000. Additionally, the wallet was liquidated on several other trading pairs, with a nominal total of $4.9 million. In the past 24 hours, the wallet has incurred a total loss of approximately $4 million.

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Link: Wallet Associated with GSR Liquidated for Shorting LAUNCHCOIN, Total Loss Approximately $4 Million [Copy]

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