Ether Drop Triggers $220 Million Loss for Individual Trader

A trader suffered a staggering $220 million loss as Ethereum fell by 10%, contributing to over $2.5 billion in crypto liquidations within a day.

A significant liquidation event involving Ethereum on the Hyperliquid platform resulted in a remarkable $220 million loss for a single trader, coinciding with a sharp 10% decline in ETH's value. This dramatic drop in Ethereum has been part of a broader trend, as total cryptocurrency liquidations surged beyond $2.5 billion within a mere 24-hour period.