[Silver Price Plunge Impacts Crypto Leverage Trading, Hyperliquid Sees $10M Liquidation] Odaily Planet Daily reports that the rapid pullback of spot silver prices from recent highs has caused tokenized silver futures to become the largest liquidation category in the crypto market over the past 24 hours, surpassing Bitcoin in a rare occurrence. This triggered a wave of cross-market leveraged position liquidations. The largest single liquidation during this period occurred on the Hyperliquid platform, where a high-leverage XYZ:SILVER-USD position worth $18.1 million was forcibly liquidated due to extreme price volatility. Analysts point out that this unusual liquidation wave was primarily driven by the sharp correction following the rapid rise in silver prices, coupled with exchanges raising margin requirements for precious metal futures. This forced deleveraging of high-leverage positions exacerbated short-term price volatility. The market is now focused on whether precious metal prices can stabilize and whether the liquidation focus will shift back to core assets like Bitcoin and Ethereum. (CoinDesk)