One address has become Hyperliquid's biggest loser, with cumulative losses exceeding $40 million in recent months.

According to Lookonchain, address 0xa523 has accumulated losses exceeding $40 million in less than a month, surpassing @AguilaTrades, @qwatio, and @JamesWynnReal to become the largest loser on the Hyperliquid platform. They previously sold 886,287 HYPE tokens at a loss of $39.66 million, which would have yielded a nearly $9 million profit had they held on. They subsequently lost over $35 million on their ETH long positions and another $614,000 on their short positions. They currently have a $2.33 million loss on their BTC long positions.