Big news in the world of cryptocurrency! A very rich person (a 'whale') with lots of Ethereum (ETH), a type of digital money, lost a huge amount of money – about $340 million! This caused a big problem for Hyperliquid, a place where people trade cryptocurrency.
- The whale's loss made the price of HYPE, Hyperliquid's own digital money, drop by 8.5%.
- Hyperliquid lost about $4 million to help cover the whale's losses.
- Hyperliquid is changing its rules to stop this from happening again.
- Even though it was scary, Hyperliquid is still doing okay.
| Fact | Number |
|---|---|
| Whale's loss | $340 million |
| HYPE price drop | 8.5% |
| Hyperliquid's loss | $4 million |
| HYPE's 30-day loss | Over 44% |
