The largest on-chain single-transaction liquidation was conducted by the whale known as "CZ's paper hands", with a total of $168 million in long positions liquidated.

On January 30th, per monitoring from HyperInsight (via their Telegram channel: https://t.me/HyperInsight) and Coinglass, the whale address “CZ Opponent” (0x9ee)—which held the second-largest ETH long and largest XRP long positions on Hyperliquid—faced multiple consecutive liquidations after BTC’s price briefly dipped below $82,000. The largest single liquidation totaled roughly $65.13 million, making it the biggest on-chain liquidation in the past 24 hours and the second-largest network-wide single liquidation in that period. Monitoring data shows the address’s ETH, XRP, and HYPE long positions underwent 9 major liquidations around 9:40 AM ET today, resulting in a $34.45 million loss. This erased most of its holdings: total account value plummeted from ~$260 million to $59.5 million. Liquidation breakdown: - **ETH Long**: 2,534 ETH liquidated (~$22.55 million total). The largest single ETH liquidation occurred at ~$2,676, totaling $65.13 million—also the top on-chain liquidation in the past 24 hours. - **XRP Long**: ~23.99 million XRP liquidated (~$41.51 million total). The largest single XRP liquidation happened at ~$2,989, totaling $11.35 million. - **HYPE Long**: ~23,000 HYPE liquidated (~$6.69 million total), with the position fully wiped out. Notably, the address previously held the largest ASTER short position after CZ purchased the token, but has since shifted to holding substantial long positions in ETH and XRP.