PANews reported on March 12 that according to monitoring by on-chain analyst @ai_9684xtpa, the "Hyperliquid 50x long ETH whale" chose to self-destruct. He first withdrew most of the principal and profits to compress the liquidation price. The remaining long positions of 160,234.18 ETH were "actively liquidated", totaling US$306 million.

Currently, 8 million USDC have been withdrawn back to the Arbitrum network.