According to Onchain Lens, the five largest long liquidations on Hyperliquid today were: an ETH long down 26.46 million USD by whale 0xB8B, a SOL long down 21.46 million USD by whale 0x9AF, an AVAX long down 17.2 million USD by whale 0xb2c, an XPL long down 16.32 million USD by whale 0x89d, and an ETH long down 15.38 million USD by whale 0xd5f (source: Onchain Lens). According to the same source, these top five liquidations totaled 96.82 million USD, with ETH accounting for 41.84 million USD across two positions, SOL 21.46 million USD, AVAX 17.2 million USD, and XPL 16.32 million USD, all on Hyperliquid (source: Onchain Lens).

According to @EmberCN, trader @Techno_Revenant realized approximately $38.77 million in profit from XPL liquidations on Hyperliquid, identifying the account behind the gain; source: @EmberCN on X, Aug 29, 2025. The reported payout indicates a major liquidation event in Hyperliquid’s XPL market, signaling elevated short-term volatility and liquidity risk for XPL perpetual positions; source: @EmberCN on X, Aug 29, 2025. Under Hyperliquid’s documented liquidation mechanics, severe price dislocations can widen spreads and transfer sizable value to liquidators during cascade events, warranting tighter risk controls; source: Hyperliquid documentation.