LAUNCHCOIN spikes trigger GSR Markets liquidation, 24-hour losses exceed $4 million
2025-09-09 02:28:19
According to Lookonchain, the price of LAUNCHCOIN rose sharply, resulting in the liquidation of a large number of short positions on the Hyperliquid platform by GSR Markets. The liquidation triggered a chain reaction, and other short positions on MNT, POPCAT, LINK and LDO by GSR Markets were also liquidated, and the account funds were zero. GSR Markets lost a total of more than $4 million in just 24 hours.
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