PANews reported on March 26 that in response to an address that imitated the 50x leveraged whale operation on Hyperliquid and dumped 398 million JELLY short orders to Hyperliquid today, causing the Hyperliquid vault to face liquidation and losses, Sonic Labs co-founder Andre Cronje posted on the X platform: I hate this practice (using the Hyperliquid mechanism). The position size should not be a fixed function formula of leverage, but should depend on available liquidity and actual volatility. For example, a small position can be leveraged 1,000 times and a large position can be leveraged 1.2 times. In the DeFi field, the leverage multiple cannot be set to a fixed value.