According to a report from Shenchao TechFlow on March 17, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that a "whale hunting operation" targeting the "Hyperliquid 50x leverage whale" has commenced.
Twitter user @Cbb0fe tweeted 11 hours ago to recruit a "cleaning squad for hunting", and subsequently, Tron founder Justin Sun (@justinsuntron) joined the operation.
Ai Yi stated that the sudden surge of BTC at midnight last night seemed to be the work of this whale hunting squad, causing the 50x whale's 6 million in unrealized gains to be wiped out instantly, and even resulting in a loss of 2 million, forcing him to increase his margin by 5 million USDC.