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A whale shorted ETH with 25 times leverage and lost US$4.77 million in 8 hours."

On May 9, according to Lookonchain monitoring, a whale shorted ETH with 25 times leverage, losing US$4.77 million in 8 hours. He previously deposited $5.08 million with Hyperliquid to short ETH with maximum leverage (25 times). Now his assets are only $310,000.

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