During the sharp decline in the cryptocurrency market on the Hyperliquid platform, over 1000 users lost all their funds, with total losses exceeding $1.23 billion. Analysts at Lookonchain reported that this marked the largest wave of liquidations in recent times on this decentralized exchange.
This is reported by Business • Media
Scale of Liquidations and Individual Losses
According to experts, over 6300 crypto addresses ended trading at a loss. Particularly significant losses were recorded among large traders: at least 205 wallets lost over $1 million each, and more than 1070 addresses reported losses exceeding $100,000 each.
Analysts also noted four cases of massive individual losses. One trader lost $18.73 million and was left with only $140 in their account. Another lost $16.43 million, leaving their balance at $140. A third user lost $15.69 million, retaining $104, while a fourth lost $13.72 million, completely depleting their account.
“Over 1000 wallets on #Hyperliquid were completely wiped out during the market crash — users lost everything. In total, over 6300 wallets are in the red, with total losses exceeding $1.23 billion. 205 wallets lost over $1 million, and more than 1070 lost over $100,000.”
Decline of the Fear and Greed Index
The market crash also led to a significant drop in the cryptocurrency sector’s Fear and Greed Index — it fell to a level of 35, indicating a rise in panic among investors. Experts attribute such fluctuations to the massive correction in the digital asset market that has been ongoing since October 2025.
The situation on Hyperliquid once again highlighted the risks of high market volatility in the cryptocurrency sector, especially for traders with substantial investment volumes.