JUST IN: A highly leveraged bet on Fartcoin ended in losses of nearly $3 million and reignited questions about how Hyperliquid responds when a concentrated position collapses in low liquidity markets.


Hyperliquid data shows that the trader accumulated approximately 145 million Fartcoins across multiple wallets before being liquidated.
The liquidation triggered the auto-deleveraging mechanism, which redistributed approximately $849,000 to traders with opposing positions.
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