CHIP Leads Liquidation Volume Amid Market Volatility

On April 23, CHIP experienced the highest liquidation volume in the past hour, amounting to approximately $1.2 million, primarily affecting long positions. According to BlockBeats On-chain Detection, the Hyperliquid platform saw an address undergo two consecutive liquidations in the last four hours, totaling $2.6 million. In the past 30 minutes, trader 'neoyokio.eth' opted to leverage a 3x long position on CHIP after its price fell to $0.1. This resulted in opening approximately 23.22 million CHIP long positions, with a total position size of around $2.2 million at an average price of $0.1003. Currently, the trader faces an unrealized loss of about $130,000, equating to a 17% decrease. The address is also the largest long holder of ASTER on Hyperliquid, with a position size of $16.7 million and an unrealized profit of $860,000. This trader previously took significant long positions on XPL before its major upward movement on September 24 last year. Address: 0x15271757b398cd1d3d7cca05c4f7b0c159afa7c2