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Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

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2LAR Wire Desk (CoinDesk)
2LAR Wire Desk (CoinDesk) Syndicated Wire Desk • Published 2026-08-20
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Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind....

Real-time digital asset intelligence report synthesized from live wire distributions covering global market trends, network protocol upgrades, and regulatory developments.

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