FOGO on Hyperliquid Surges 550%, New Address Makes Around $500,000 Profit in Half an Hour
BlockBeats News, December 25th, According to MLM Monitor, on Hyperliquid, a short (pre-market) position worth about $1.49 million of FOGO was just liquidated in 15 minutes as FOGO skyrocketed by 550%.
This chain liquidation also triggered an Auto-Deleveraging (ADL) event in a long position wallet, locking in approximately $500,000 in profit in less than 30 minutes. Notably, this wallet had established a long position via TWAP only about 7 hours ago and was using a newly created wallet address.
Address link: https://hypurrscan.io/address/0xb2f42334fffc3947b4c79c7e3dc3d387d391f148
The largest single liquidation came from a wallet that was still attempting to short FOGO during the liquidation process (adding fuel to the fire). The wallet's isolated short position was liquidated by the system in 10 minutes, resulting in a loss of approximately $100,000 USDC collateral on a position with a nominal value of $224,000.
Address link: https://hypurrscan.io/address/0x4013eb7da81902a556146861dc50e9c0f515238d
You may also like

Polymarket vs. Kalshi: The Full Meme War Timeline

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Russian-Ukrainian War Prediction Market Analysis Report

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

BlackRock Buying UNI, What's the Catch?

Lost in Hong Kong

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?

Coinbase and Solana make successive moves, Agent economy to become the next big narrative

Aave DAO Wins, But the Game Is Not Over

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
