Kioxia Split Settles Hyperliquid Positions, Locking In $161,400 Losses
Eight of 20 ranked settlement accounts closed at a loss, while the largest long position realized a loss of about $17,400.
Kioxia’s stock split triggered a systemwide settlement of its KIOXIA perpetual contract on Hyperliquid, closing old positions at $338.38 and locking in losses for several large accounts.
Eight of the 20 ranked settlement accounts closed at a loss, involving about $3.68 million in positions and approximately $161,400 in realized losses. Four of the top five ranked accounts also exited at a loss, covering about $2.80 million in positions and $80,300 in losses.
The largest long position was worth about $1.05 million, making it the only position above $1 million across the market. The account held 3,094.963 units at an average cost of $343.99.
The settlement price was about 1.66% below that cost, producing a realized loss of approximately $17,400.
The settlement followed the split-related action described in an earlier TokenPost report.
