According to Lookonchain, a trader on Hyperliquid erased a $27.88 million profit within just four days, ultimately ending with a $105,000 loss (source: Lookonchain, May 30, 2025). This dramatic reversal highlights the high volatility and risk involved in perpetual DEX trading. Such rapid liquidation events on platforms like Hyperliquid can increase short-term volatility and trigger cascading liquidations, affecting broader crypto market sentiment. Traders are advised to review risk management strategies and monitor on-chain activity for similar liquidation patterns that could impact token prices across decentralized derivatives markets.