According to @lookonchain, a sharp $LAUNCHCOIN pump on Hyperliquid liquidated a major GSR Markets short and set off a broader cascade on the account (source: @lookonchain). According to @lookonchain, follow-on liquidations wiped additional shorts in $MNT, $POPCAT, $LINK, and $LDO, reducing the account balance to zero (source: @lookonchain). Per hyperdash.info/trader/0xc7ebe10d3568c52b3f43dc50320167db9d10ce4f shared by @lookonchain, realized losses exceeded $4M over the past 24 hours (source: hyperdash.info via @lookonchain).