The wallet associated with GSR was liquidated due to short LAUNCHCOIN, with a total loss of approximately $4 million
Source: ChainCatcher
Time: 2025-09-09 08:08:14
According to ChainCatcher, according to on-chain analyst MLM, a wallet associated with GSR (0xc7e...ce4f) was liquidated due to its LAUNCHCOIN short position, resulting in the account balance being zeroed. The wallet was liquidated 64.593 million LAUNCHCOINs worth $7.8 million, of which Hyperliquid LP took over 42.362 million LAUNCHCOINs worth $5.2 million and made a profit of over $800,000. In addition, the wallet was liquidated on several other trading pairs, with a nominal total of $4.9 million. The wallet has suffered a total loss of about $4 million in the past 24 hours.