Hyperliquid raised its margin requirements on March 15 following a whale-triggered liquidation of a $200 million ETH long position, which caused the HLP vault to lose $4 million

Quotes that support claims

Two days prior, a whale trader intentionally liquidated a roughly $200 million ETH long position, causing HLP to lose $4 million while unwinding the trade

Since March 15, Hyperliquid has required traders to maintain a collateral margin of at least 20% on certain open positions to “reduce the systemic impact of large positions with hypothetical market impact upon closing.”

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