At 2:50 AM, on-chain detective @BTCOG shared a screenshot from HyperLiquid: address 0xb317…83ae, lost 128 million dollars in 108 days, with a maximum drawdown of 71%, and only 5% margin left in the account.
The sharp-eyed community instantly exploded—this position scale, this loss speed, is reminiscent of the style of the 'strongest hedge fund in the universe,' Three Arrows Capital.
But strangely, 3AC had already been liquidated back in 2022, with the wallet managed by the court; who can still access such a large amount of funds?
Is it a ghost trader? An anonymous market maker? Or is it some Eastern family office borrowing a corpse to come back to life?
Comment area lining up:
"Except for Su Zhu, no one can lose with such artistry."
"I bet 100U that this address will be replenished within 24 hours."
Currently, the perpetual contract position at this address has returned to zero, but there is still 148 million USDC on the chain waiting— the next cut, is it aimed at the bulls or the bears?
