king.sol
7.9K posts

king.sol
@DeFiAzog
co-founder @bonkbot_io https://t.co/FyZtgzHrLD

Mk4 (@mk4_lul) made an expensive mistake this morning. He was only long a few hundred thousand dollars worth of GOLD on Hyperliquid and started a TWAP intended to reduce the position using “reduce only.” However, he accidentally started a TWAP to short 24K GOLD ($109M) over the next 50 minutes, of which 17.6K GOLD ($80M) was filled before he realized the mistake and terminated the twap. In the 10 minutes after the TWAP began, gold declined ~0.3%, while the Hyperliquid market saw a sharper ~0.5% move lower. He then proceeded to TWAP buy back the short position over the following 2–4 hours, which is still ongoing. He lost approximately $400K due to the mistake. hypurrscan.io/address/0x7737…






















