Korean Whale Sees Significant Pullback: Whale Holding $5M in On-Chain Korean ETF Faces Major Withdrawal, 4.1% Away from Liquidation

BlockBeats News, March 23rd, according to Hyperinsight monitoring, the South Korean stock index plummeted by 6.7% today, triggering a circuit breaker at one point. As a result, the EWY (iShares Korea ETF synthetic asset) deployed on the Trade.xyz on Hyperliquid platform experienced a sharp decline, currently trading at $122.5, with a 24-hour decrease of 4.2%.

The largest long position on-chain for EWY (0x629) was hit the hardest, with the position momentarily retreating to -83%, holding a size of $5.5 million, with an average price of $128.9, a liquidation price of $117.7, resulting in a 4.1% liquidation.