Affected by the sharp fluctuations in spot silver prices, SILVER (Silver Mapping Contract) experienced a total liquidation of 23 million across the entire network in the past 4 hours.

BlockBeats News, February 2nd, according to HyperInsight and CoinGlass monitoring, due to the short-term sharp fluctuation of spot silver prices, the total liquidation scale across the network for SILVER (Silver Mapping Contract) in nearly 4 hours was approximately $23.95 million, second only to BTC and ETH, with 64% being long positions. Most liquidations occurred on the Hyperliquid platform.

Monitoring shows that a whale holding a XYZ:SILVER short position on Hyperliquid was liquidated for $4.13 million in a short period. During the same period, another liquidation of a long position exceeding $1.6 million also occurred on the platform.