The wallet associated with GSR was liquidated for shorting LAUNCHCOIN, resulting in a total loss of approximately 4 million dollars

according to on-chain analyst MLM monitoring, a wallet associated with GSR (0xc7e...ce4f) was liquidated due to its LAUNCHCOIN short position, resulting in a zero account balance. The wallet was liquidated for 64.593 million LAUNCHCOIN, worth 7.8 million dollars, of which Hyperliquid LP took over 42.362 million LAUNCHCOIN, worth 5.2 million dollars, and made a profit of over 800,000 dollars. Additionally, the wallet was also liquidated on several other trading pairs, with a nominal total of 4.9 million dollars. In the past 24 hours, the wallet's total loss was approximately 4 million dollars.