[Wallet Associated with GSR Liquidated Due to Shorting LAUNCHCOIN, Total Loss Approximately $4 Million] Odaily Planet Daily reports, according to on-chain analyst MLM's monitoring, a wallet associated with GSR (0xc7e...ce4f) was liquidated due to its short position on LAUNCHCOIN, resulting in the account balance being reduced to zero. The wallet was liquidated for 64.593 million LAUNCHCOIN, valued at $7.8 million, of which Hyperliquid LP took over 42.362 million LAUNCHCOIN, valued at $5.2 million, and profited over $800,000. Additionally, the wallet was liquidated on several other trading pairs, with a nominal total of $4.9 million. Over the past 24 hours, the wallet's total loss is approximately $4 million.