XRP 20x Short Liquidated — Insider Trader @qwatio Loses $3.57M as HyperLiquid Deposit Falls to $653K

COINOTAG News reported on September 30 that on‑chain monitoring service OnchainLens detected the liquidation of trader @qwatio’s XRP 20x short position, confirming an exchange‑level execution rather than a merely theoretical exposure.

Onchain records show the account funded $4.22 million with HyperLiquid three days earlier; the on‑chain balance now registers $653,000, indicating a realized loss of roughly $3.567 million attributable to the forced close of the leveraged short.

The incident highlights the quantifiable impact of concentrated margin and high leverage in crypto markets; the figures derive from verifiable on‑chain data and avoid unverified conjecture.