PerpGuard
Hyperliquid ยท measured 05 November 2026

What liquidations have done to SOL traders

Over the last 104 days we recorded 2,886 SOL positions closed by the exchange across 1,620 separate accounts. Each one read back from the fills Hyperliquid itself marks as a liquidation โ€” not inferred from positions that disappeared.

2,886 SOL liquidations recorded
1,620 accounts hit
217 in the worst single hour
81% landed in a market-wide wave

The worst hour for SOL

29 October 2026, 20:00 UTC: 217 SOL positions were liquidated inside sixty minutes. Across the whole period, SOL liquidations were spread over 361 different hours โ€” so that single hour carried 7.5% of everything that happened to SOL traders in 104 days.

It is almost never about SOL alone

81% of all SOL liquidations landed in an hour when ten or more other assets were being liquidated at the same time. They are not independent accidents on one book; they are the local expression of something moving across the whole exchange at once.

This is the part that catches people. A stop-loss on SOL reacts to SOL. It cannot know that the move is market-wide, that the book is about to get thin, or that your other position is going at the same moment. We measured the wave: an ordinary hour on Hyperliquid touches 5.8 assets, a loaded one touches 21. The record hour touched 141.

Where does your own SOL position sit?

Paste your address and you get told when it gets close to its liquidation price. It is a public address, so there is no key, no signature and no account involved โ€” and watching stays free.

Check an address

The limits, stated plainly

We do not see the whole exchange. These figures cover the accounts we re-read, which at any moment is a few percent of Hyperliquid's carried notional, and our reading order favours accounts already close to liquidation. Every count here is a floor, not a total. The live feed publishes its own coverage with every number.

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