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Trader linked to UXLINK hack unwinds $148M long crypto positions on Hyperliquid, exiting at $3.3M loss.

Market News
10 Nov 2026, 04:14 WIB
Tokenpost
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Bearish
Trader linked to UXLINK hack unwinds $148M long crypto positions on Hyperliquid, exiting at $3.3M loss.

A trader identified as the UXLINK hacker is closing out $148 million in long positions on the Hyperliquid platform, involving 30,282 ETH, 550,000 SOL, and 35.03 million XRP. These positions, opened in August, are being unwound gradually over 16 hours using a time-weighted average price tool to avoid market disruption. The exit is expected to result in a $3.3 million loss for the trader. This move ends the trader's exposure to rising prices in these cryptocurrencies and may impact market dynamics on Hyperliquid.

As of Nov 10, 2026 09:31 WIB, Ethereum (ETH), Solana (SOL), and Ripple (XRP) are all experiencing declines on Pluang, with ETH down 1.62%, SOL down 2.57%, and XRP down 2.33%. These price movements coincide with the unwinding of a large $148 million long position linked to the UXLINK hack. On Pluang, ETH trades at Rp38,323,902, SOL at Rp1,554,239, and XRP at Rp19,785, highlighting the current market environment for these assets.

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