According to Lookonchain, on-chain tracking shows address 0xa523 realized losses exceeding $45.3 million on Hyperliquid over 40 days and was labeled the platform’s biggest loser. Lookonchain also reports the trader left Hyperliquid with approximately $450,000 remaining.

According to Lookonchain, wallet 0xa523 lost over $40 million on Hyperliquid in less than a month, surpassing AguilaTrades, qwatio, and JamesWynnReal to become the platform’s biggest loser. According to Lookonchain, the address previously sold 886,287 HYPE for a realized loss of $39.66 million, and if still held, that position would show an unrealized gain of nearly $9 million today. According to Lookonchain, the trader then lost over $35 million on an ETH long and subsequently lost another $614,000 after switching to an ETH short. According to Lookonchain, the address is currently down about $2.33 million on a BTC short. According to Hyperdash, the public trader profile for 0xa523 lists current PnL for ETH, BTC, and HYPE positions on Hyperliquid.