Hyperliquid trader Machi has been fully liquidated, collapsing from a $𝟭𝟮.𝟮𝟱𝗠 peak back to $𝟮𝟭.𝟴𝗞. Over four months he grew an initial $56K into $12.25M through leveraged trading before the entire position was wiped out. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $12M peak-to-liquidation wipeout is forced deleveraging that can cascade through a perp venue. The magnitude underscores the leverage risk inherent in Hyperliquid's perp market — even a 200x run-up can vanish in a single liquidation cascade. Traders should watch whether this triggers broader deleveraging on the venue. Full trading history: https://hypurrscan.io/address/0x020ca66c30bec2c4fe3861a94e4db4a498a35872#more source: lookonchain Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2985