Hynix Glitch Incident Triggers Hyperliquid Flash Crash, Three Addresses Profit Nearly $7 Million from ADL Short Closures at Lows
TechFlow News, July 28, according to on-chain analyst Ai Yi (@ai_9684xtpa), an abnormal order appeared in SK Hynix's pre-market trading on NXT this morning (1 share traded at 1,272,000 KRW, approximately 867 USD), causing the stock price to plummet by up to 30% due to poor liquidity and triggering a trading halt; $SKHX on Hyperliquid plummeted 17.9% following the Oracle, with liquidation amounts in 4 hours surpassing Binance, resulting in the liquidation of three major addresses totaling 4.7263 million USD.
However, another three addresses triggered ADL at 07:01 to force close short positions at the low point, making a combined profit of 6.958 million USD, becoming the biggest winners of this event:
- Address 0xd04…3ecad: closed short positions of 4,510 $SKHX, profit 2.185 million USD
- Address 0xcaf…a7b3b: closed short positions of 5,920 $SKHX, profit 2.55 million USD
- Address 0x84a…f4d37: closed short positions of 6,010 $SKHX, profit 2.223 million USD
As the price quickly corrected after the flash crash, the above addresses were forced to take profits exactly at the low point, which can be described as "a blessing in disguise".
