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$26M ETH Short Goes Bust: Hyperliquid Trader’s Greed Turns $716K Profit Into Pain

$26M ETH Short Goes Bust: Hyperliquid Trader’s Greed Turns $716K Profit Into Pain

Coindesk
Author:
Coindesk
Release Time:
2025-07-10 07:20:40
0

Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down

Another day, another crypto trader learns the hard way that markets don't reward hubris.

The $26M blunder

One Hyperliquid degens thought they'd cracked the code—doubling down on an ETH short as the market turned against them. Textbook 'revenge trading' with a side of sunk-cost fallacy.

From hero to zero

What started as a potential seven-figure payday evaporated faster than a memecoin's liquidity. The $716K loss now stands as a monument to the oldest rule in finance: pigs get fat, hogs get slaughtered.

Bonus jab: At least they didn't YOLO it into a leverage token—progress?

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