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  3. Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

CoinDesk

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.

S

By Shaurya Malwa

20 August 2026|1 min read|CoinDesk
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Blockchain & Crypto Assets
Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds
Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds
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Industry Events

The world's most trusted B2B event discovery platform. Connecting industry professionals with the conferences, expos and summits that matter.

  • Industry Events
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  • Event Organisers
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  • Event Pro
  • Become a Speaker
  • Subscribe
  • Terms
  • Privacy

© 2026 Industry Events Worldwide. All rights reserved.

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