Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
$1.23B Lost in Hyperliquid Crash Hits Over 6,000 Wallets

$1.23B Lost in Hyperliquid Crash Hits Over 6,000 Wallets

CoinomediaCoinomedia2025/10/11 19:42
By:Isolde VerneIsolde Verne

Hyperliquid market crash wipes over $1.23B, impacting 6,300+ wallets with major losses.Hyperliquid Crash Leaves Trail of Devastating LossesWhat Caused the Hyperliquid Collapse?Is Hyperliquid’s Future in Question?

  • Hyperliquid crash wipes out 1,000+ wallets entirely.
  • 6,300+ wallets suffer losses totaling $1.23 billion.
  • 205 wallets lost over $1M; 1,070+ lost $100K+.

Hyperliquid Crash Leaves Trail of Devastating Losses

In a stunning market crash, more than $1.23 billion was wiped out on the Hyperliquid trading platform, affecting thousands of traders and wallets. The crash has triggered serious concerns about risk management on emerging decentralized derivatives exchanges.

According to on-chain data, over 6,300 wallets experienced significant losses, with 205 wallets losing over $1 million each, and 1,070+ wallets losing over $100,000. Even more shocking, over 1,000 wallets were completely wiped out, leaving users with zero balance.

The incident has sent shockwaves across the DeFi community, especially among high-leverage traders and investors who use advanced perpetual platforms like Hyperliquid.

What Caused the Hyperliquid Collapse?

While specific technical reasons for the crash are still being analyzed, many observers point to a sudden market-wide drop that triggered cascading liquidations. Platforms like Hyperliquid offer high leverage, meaning that even small price swings can result in massive liquidations for users with leveraged positions.

The liquidation engine on these platforms automatically closes positions when collateral levels drop below margin requirements. In extreme conditions—like this crash—it leads to widespread wallet wipeouts in seconds.

Though some users are calling for refunds or protocol-level fixes, decentralized platforms often operate with minimal user protection and “code is law” philosophies.

JUST IN: Over 1,000 wallets on Hyperliquid wiped out in market crash, 6,300+ wallets with losses exceeding $1.23B, 205 wallets lost over $1M and 1,070+ lost over $100K. pic.twitter.com/3rRTA1rb3n

— Whale Insider (@WhaleInsider) October 11, 2025

Is Hyperliquid’s Future in Question?

The crash has sparked debate about the long-term viability of high-risk DeFi platforms. Hyperliquid had gained attention for its fast trading engine and growing liquidity, but this event highlights the vulnerabilities that come with speed, leverage, and decentralization.

Critics argue that without better risk control mechanisms, these platforms leave users dangerously exposed. Supporters say this is a necessary risk in decentralized finance and that users must take full responsibility for their trading strategies.

Regardless, the $1.23B loss is a brutal reminder of how quickly fortunes can disappear in the crypto world—and how essential proper risk management remains.

Read Also:

  • $1.23B Lost in Hyperliquid Crash Hits Over 6,000 Wallets
  • Trump Confirms 130% Tariffs on China from Nov 1
  • Bitcoin Holds Strong Above EMA-50, Macro Trend Intact
  • Top Cryptos To Buy Today: Why MoonBull, AVAX, and Bitcoin Cash Are Gearing Up for Big Gains in 2025
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BCH Rises 7.38% in the Past 24 Hours as Short-Term Growth Surpasses Industry Average

- BCH surged 7.38% in 24 hours, outperforming its industry and S&P 500 by significant margins. - Zacks Momentum Style Score B and Buy rating reflect strong earnings revisions and rising analyst confidence. - Consistent trading volume and 63.46% YTD gains reinforce BCH's momentum-driven appeal to trend-following investors.

Bitget-RWA2025/11/30 14:00
BCH Rises 7.38% in the Past 24 Hours as Short-Term Growth Surpasses Industry Average

Asbury's Retro Strategy Increases Profits, Yet Shares Trail the S&P

- Asbury Automotive's nostalgia-driven strategy boosted Q3 2025 earnings, with $7.17 adjusted EPS surpassing estimates and $4.8B revenue up 13% YoY. - New vehicle sales ($2.53B, +17%) and finance/insurance profits ($187.1M, +9%) drove growth, though used vehicle sales lagged due to weak unit demand. - Despite strong fundamentals and value scores (A ratings), ABG stock underperformed the S&P 500 by 1.2%, reflecting mixed investor sentiment amid $3.6B debt concerns. - Analysts highlight Asbury's $28.03/share

Bitget-RWA2025/11/30 13:46
Asbury's Retro Strategy Increases Profits, Yet Shares Trail the S&P

Hyperliquid News Today: Community-Led Restaking Challenges Bear Market Expectations While HYPE Tokens Remain Resilient

- Hyperliquid unlocked $60.4M HYPE tokens on 2025/11/29 via its vesting schedule, with 40% restaked and 35% held post-unlock. - Core contributors demonstrated disciplined allocation, contrasting traditional VC-funded projects prone to token dumping. - Market impact was minimal (1.7% dip to $33.80), defying bearish forecasts and showing strong whale accumulation. - Analysts highlight buyback strength ($82M/month) and technical indicators suggesting potential $40+ breakout.

Bitget-RWA2025/11/30 13:46
Hyperliquid News Today: Community-Led Restaking Challenges Bear Market Expectations While HYPE Tokens Remain Resilient

Ethereum News Today: Ethereum Faces a Pivotal Moment at $2,880—Will Institutions Keep Buying or Will Bears Take Over?

- Ethereum hovers near $3,000 amid conflicting technical signals and increased selling pressure from long-term holders offloading 973,600 ETH weekly. - Institutional confidence grows as BitMine accumulates 69,822 ETH ($200M) and ETFs add $96.67M, contrasting with bearish RSI divergence and $2,580 support risks. - Fed rate-cut odds above 80% for December fuel speculative buying, while $2,880 resistance remains pivotal for determining Ethereum's short-term direction. - Whale activity diverges: large whales a

Bitget-RWA2025/11/30 13:46
Ethereum News Today: Ethereum Faces a Pivotal Moment at $2,880—Will Institutions Keep Buying or Will Bears Take Over?