CHIP Liquidations Hit $1.2M in One Hour as Trader neoyokio.eth Opens $2.2M Long Position

Gate News message, April 23 — According to monitoring data from Hyperinsight and Coinglass, CHIP led all assets in liquidations over the past hour with approximately $1.2 million in liquidated positions, primarily long positions. On the Hyperliquid platform, a single address was liquidated twice over the past 4 hours, with combined liquidation volume reaching $2.6 million.

Within the past 30 minutes, trader neoyokio.eth opened a long position in CHIP after the price fell to $0.10, deploying 3x leverage in multiple tranches. The address accumulated approximately 23.22 million CHIP tokens with a total position size of $2.2 million at an average entry price of $0.1003. The position is currently showing an unrealized loss of approximately $130,000, representing a -17% drawdown.

The address currently holds the largest long position in ASTER on Hyperliquid, with $16.7 million in ASTER longs generating an unrealized gain of $860,000. Historical data shows this address had accumulated a significant long position in XPL prior to its first major rally on September 24 last year.