PANews reported on August 9 that monitoring by on-chain analyst Ai Yi revealed a 5x leveraged ENA short incurred over $3M loss, along with additional losses from Ethereum tokens, prompting a 1.6M USDC margin add on Hyperliquid.
PANews reports that since late July, monitoring by on-chain analyst Ai Yi has shown that a trader's 5x leveraged short position on ENA at an entry price of $0.5236 has incurred an unrealized loss of $3.288M as the price increased to $0.7328. The trader also shorted Ethereum ecosystem tokens including ETH, LDO, MKR, and CRV, leading to cumulative losses of $2.84M, and added 1.6M USDC margin on Hyperliquid to avoid liquidation.