A sharp jump in the LAUNCHCOIN token on the Hyperliquid exchange led to the liquidation of the market maker position of GSR Markets.



As a result, positions in MNT, POPCAT, LINK and LDO were forcibly closed, and losses amounted to more than $4,000,000 in one day.

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IN4.67%
TOKEN11.42%
HYPE2.59%
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