[Suspected GSR-Linked Address Shorting Launchcoin Sniped, Resulting in $7.8M Worth of LAUNCHCOIN Liquidated] BlockBeats News, September 9, according to monitoring by @mlmabc, a suspected GSR-linked address shorting Launchcoin (possibly as a hedge) was sniped and ultimately fully liquidated, with the account balance dropping to $0. The account was liquidated for 64,593,030 LAUNCHCOIN (approximately $7.8 million), of which HLP took over 42,362,324 LAUNCHCOIN (approximately $5.2 million) and earned over $800,000. In addition, the account was also liquidated across several other trading pairs, with a total notional value of $4.9 million. Over the past 24 hours, the total loss amounted to approximately $4 million.