Hyperliquid Records Largest Crypto Liquidation: 6,300 Wallets Wiped Out in Market Crash

Hyperliquid witnessed unprecedented crypto liquidations during the recent market downturn, with over 6,300 wallets facing significant losses. Data reveals $1.23 billion in trader capital was erased, including 205 accounts losing over $1 million each and 1,000+ suffering six-figure losses. Triggered by Trump's 100% Chinese tariff announcement, the sell-off caused Bitcoin to briefly fall below $110,000 and Ethereum under $3,700, while the CoinDesk 20 index plunged 15%. Global liquidations exceeded $19 billion in 24 hours, marking the largest single-day liquidation event in crypto history. Meanwhile, Hyperliquid's top 100 traders gained $1.69 billion collectively, with the biggest winner earning $700 million from short positions. Crypto influencer Jeffrey Huang (Machi Big Brother) lost nearly $14 million, commenting "Was fun while it lasted" on X. Market uncertainty is compounded by delayed U.S. economic data due to the government shutdown.