May 12, 2025

High-Stakes Ethereum Gamble Goes Wrong: Trader Loses $4.77M Shorting ETH on Hyperliquid

A single crypto trader tried shorting Ethereum with max leverage on Hyperliquid and paid the price within less than eight hours. What started as an extravagant $5.08 million bet turned to disaster, and the traders exhausted their position with only …

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