Hyperliquid HIP-3 liquidated $7,756,800 across 5 accounts

Hyperliquid's HIP-3 markets saw at least five large accounts liquidated for a combined $7.7568 million over the 24 hours to March 4, with realized losses on those positions totaling $2.4362 million, according to TradingBeats monitoring of accounts each exceeding $500,000 in liquidations. The forced closures spanned contracts tied to Intel ($INTC), the Nasdaq 100, LITE and Brent crude. Address 0x5b50, which held an Intel-linked long, was fully liquidated at an average execution price of $58.44, accounting for $2.9752 million of the total and $1.8242 million in losses. The event matters because it shows how quickly leveraged exposure to HIP-3's equity- and commodity-linked markets can unwind during sharp moves. Traders will be watching whether remaining large positions in these markets face further liquidations and how open interest and funding across HIP-3 contracts respond.