A newly created wallet on the HyperliquidX platform was liquidated after opening a substantial long position in SPCX. The wallet deposited around 416,700 USDC and initiated a 23,200-contract SPCX long position valued at $3.28 million. The position was liquidated, resulting in a loss of $366,300 for the wallet owner, as reported by Onchain Lens monitoring on July 17.
New Wallet on HyperliquidX Loses $366,000 in SPCX Liquidation
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