A whale address on Hyperliquid, starting with 0xa5e4, faced a massive liquidation of nearly $30 million as Ethereum's price surged over 5%. The account, which had deposited $1.7 million in principal just 18 hours earlier, opened a short position on ETH at an average price of $1,940. The rapid price increase triggered a cascade of liquidations, reducing the account balance to $170,000 before the user withdrew all remaining funds. The total loss from this event exceeded $1.5 million.