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Suspected GSR-Linked Address Shorted Launchcoin, Resulting in a Sniper Attack, Leading to the Liquidation of $7.8 Million Worth of LAUNCHCOIN

By: theblockbeats.news|2025/09/09 02:12:00

BlockBeats News, September 9th, according to @mlmabc monitoring, a suspected GSR-associated address shorted Launchcoin (possibly for hedging) was sniped, ultimately fully liquidated, and the account balance dropped to 0 USD.


This account was liquidated for 64,593,030 LAUNCHCOIN (approximately 7.8 million USD), of which HLP took over 42,362,324 LAUNCHCOIN (approximately 5.2 million USD) and earned over 800,000 USD.


In addition, this account was also liquidated on several other trading pairs, with a total nominal value of 4.9 million USD. The total loss in the past 24 hours is approximately 4 million USD.

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In the past 24 hours, there has been a total of $301 million in liquidations across the entire network, resulting in a long and short squeeze.

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