TechFlow news, on September 9, according to on-chain analytics platform Lookonchain (@lookonchain), the price of LAUNCHCOIN surged significantly, resulting in the liquidation of GSR Markets' large short position on Hyperliquid. This liquidation triggered a chain reaction, leading to the liquidation of GSR Markets' other short positions in $MNT, $POPCAT, $LINK, and $LDO, reducing the account balance to zero. Within just 24 hours, GSR Markets incurred total losses exceeding $4 million.
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