STRK’s largest long loses $1.019M; another whale liquidated for $207K

TREE NEWS reports: Hyperliquid’s STRK perpetual contract traded at $0.0665, down about 13% from the prior day’s reference price, leaving two whale long positions deep in the red. The largest STRK long, holding roughly 64.2 million STRK worth about $4.25 million on 5x cross margin, is sitting on an unrealized loss of about $1.019 million, a return of roughly -96%. A second address was liquidated on about 21.36 million STRK worth $1.466 million, realizing a loss of about $207,000, then reopened a roughly 4.79 million STRK long valued at about $319,000 on 5x isolated margin with a liquidation price near $0.059.