HuoXing Finance reports that on September 28, according to TradingBeats monitoring, the Kioxia stock split triggered the unified settlement of the KIOXIA perpetual contract deployed on Hyperliquid via Trade.xyz. The old positions in on-chain accounts were closed at $338.38, with some holdings still below their entry cost, converting unrealized losses into realized losses. Among the top 20 settlement accounts, 8 accounts closed at a loss, involving approximately $3.6785 million in open positions and confirming losses of about $161,400. Of the top five positions, four accounts exited at a loss, collectively involving approximately $2.8017 million in open positions and confirming losses of about $80,300. A long position of approximately $1.0473 million represents the largest position in the entire market and the only whale position exceeding $1 million. This position held 3,094.963 contracts at an entry cost of $343.99; the settlement price was only about 1.66% below the cost, resulting in a confirmed loss of approximately $17,400 (0x053f).
KIOXIA stock split triggers chain settlement on Hyperliquid; top long loses $1.74M
MarsBitShare
Summary
On-chain trading signals indicated that KIOXIA’s stock split triggered a chain settlement on Hyperliquid on September 28, as reported by MarsBit and tracked by TradingBeats. Old positions were settled at $338.38, with some below entry costs, converting floating losses into realized ones. Among the top 20 accounts, eight settled at a loss, totaling $3.68 million in positions and $161,400 in losses. Four of the top five also exited at a loss, with $2.8 million in positions and $80,300 in losses. The largest long position, worth $1.05 million, had an entry cost of $343.99 and settled 1.66% lower, confirming a $17,400 loss (0x053f). Long-term investing strategies came under pressure during the event.
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