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Maji has gotten into trouble again; his long Ethereum position on Hyperliquid has just been partially liquidated. Looking at the data, this guy's 25x leveraged position now has only 2,500 ETH left, and the liquidation price has dropped to around $1,926.
The most outrageous thing is that the accumulated loss has already approached $30 million, which is really quite shocking. Maji's account on Hyperliquid has always been quite aggressive in its operations, and this liquidation shows that market volatility is still quite intense. Currently, Ethereum is trading above $2,300, and there is still plenty of room before liquidation, but such a large loss already says everything.
It seems Maji bet on the wrong side this time, which also reminds us that high leverage indeed carries significant risks.