EconPulse Markets. Economy. Malaysia & The World. Thu, 20 Aug 2026
Crypto

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds
Image: CoinDesk

Summary

The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.

Source & full coverage: this summary is aggregated from CoinDesk, the original publisher. Read the complete report for full context, data and quotes.

Read the original report at CoinDesk →