According to @EmberCN, trader AguilaTrades opened an approximately USD 10 million position on Hyperliquid using about USD 330,000 in remaining collateral after a prior liquidation; that position survived roughly 30 minutes and was liquidated about 10 minutes before the post, adding an estimated USD 230,000 loss (source: @EmberCN, Aug 14, 2025). According to @EmberCN, the trader then used around USD 100,000 remaining collateral to open a new ETH (ETH) long position worth under USD 3 million on Hyperliquid (source: @EmberCN). According to @EmberCN, the trader’s cumulative PnL on Hyperliquid is currently a loss of about USD 37.5 million (source: @EmberCN). Based on figures reported by @EmberCN, the implied leverage on the USD 10 million position was approximately 30x (USD 10,000,000 on about USD 330,000 collateral), and the subsequent ETH long also implies near-30x leverage given sub-USD 3 million size on roughly USD 100,000 collateral (calculation from data reported by @EmberCN).