Hyperliquid completed a three-for-one trading adjustment for its Kioxia perpetual contract, settling existing positions and canceling old orders before reopening the market. The contract was trading at $113.61, with approximately $1.46 million in notional open interest and a 24-hour decline of about 6.19% based on the adjusted reference price. The first post-reopening trade occurred at 16:11 at $114.93, while subsequent trades ranged from $112.10 to $124.04 and the latest price was about 1.15% below that opening trade. Two of the three largest directional positions were short, together representing about $585,000, while another account held a long position of roughly $178,000. Earlier reporting said the settlement price was $338.38 and that eight major accounts recorded about $161,400 in realized losses, with four of the five largest accounts exiting.