[FOGO Surges 550%, Hyperliquid Experiences Liquidation and Profit Event] On December 25, FOGO on the Hyperliquid platform surged 550% within 15 minutes, with approximately $1.49 million worth of FOGO short positions being liquidated. This wave of liquidations triggered an automatic deleveraging (ADL) event for a long position wallet, resulting in a profit of approximately $500,000 in less than 30 minutes. The wallet established its long position using the TWAP method and was created about 7 hours earlier (Wallet address link: https://((hypurrscan.io))/address/0xb2f42334fffc3947b4c79c7e3dc3d387d391f148). Additionally, a wallet attempting to short FOGO was liquidated by the system during the short squeeze, incurring a loss of approximately $100,000 in USDC margin (Wallet address link: https://((hypurrscan.io))/address/0x4013eb7da81902a556146861dc50e9c0f515238d).