A stock split in KIOXIA triggered unified settlement for the KIOXIA perpetual contract deployed by Trade.xyz on Hyperliquid, according to TradingBeats monitoring cited by BlockBeats on Sept. 28. Existing on-chain positions were settled at $338.38, forcing some traders to close below their entry prices and turning floating losses into realized losses. Among the top 20 settlement accounts by position size, eight settled in the red, covering about $3.6785 million in exposure and roughly $161,400 in confirmed losses. In the top five alone, four accounts exited at a loss, with combined positions of about $2.8017 million and confirmed losses of around $80,300. The market’s largest long, also the only whale position above $1 million, held roughly $1.0473 million in exposure. That account, 0x053f, held 3,094.963 contract units with an entry cost of $343.99. The final settlement price left the position about 1.66% short of breakeven, resulting in a confirmed loss of about $17,400.
BlockBeats reported on Sept. 28, citing TradingBeats monitoring, that a KIOXIA stock split triggered unified settlement for the KIOXIA perpetual contract deployed by Trade.xyz on Hyperliquid.
Legacy on-chain positions were settled at $338.38. Some positions had not yet returned to their entry cost when settlement was triggered, which turned floating losses into realized losses.
Settlement figures for KIOXIA positions
Among the top 20 settlement accounts by position size, eight accounts were settled at a loss. Those positions represented about $3.6785 million in exposure, with confirmed losses of roughly $161,400.
Within the top five accounts, four exited in the red. Their combined positions totaled about $2.8017 million, and confirmed losses came to around $80,300.
Largest long closed just before breakeven
A long position worth about $1.0473 million was the largest long in the entire market and the only whale position above $1 million.
The account held 3,094.963 contract units with an average cost of $343.99. Based on the unified settlement price of $338.38, the position was still about 1.66% away from breakeven when it was closed, locking in a confirmed loss of about $17,400. The address was 0x053f.
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