One Trade – Minus $35000000

📊 How a Trader Lost $35 Million on a Single Futures Position (a.k.a. when leverage hits back hard)

Crypto trader known as AguilaTrades made headlines not for getting rich — but for losing over $35 million. And he did it fast. Very fast. Analysts at Lookonchain revealed how this financial disaster unfolded.

How it started:

According to analysts, on June 8, 2025, AguilaTrades created a new wallet and began transferring funds from Bybit to Hyperliquid — a platform for trading derivatives with serious leverage.

In total, he moved $39.18 million in USDC to use for futures trading.

And then it all went downhill…

• He opened massive long positions on $WIF (Dogwifhat) — a trending memecoin.
• Used high leverage, reportedly up to x25.
• But the market had other plans.
• $WIF price dropped, liquidation after liquidation followed…
• And in less than three weeks, his balance was down to $4.09 million.

The result: minus $35 million — one of the most brutal individual losses in crypto this year.

What went wrong?

• Huge positions with no proper risk management
• Market orders on a low-liquidity token
• Treating a memecoin like a blue-chip
• The classic “I’ll recover it” mindset — that just made it worse

💡 Lesson for all:

1. Futures aren’t fun and games. It’s not roulette, it’s chess with a landmine under the board.
2. Never go all-in on one trade. Especially not on a memecoin.
3. Craving adrenaline? Try skydiving. It’s cheaper.

$39M in — $4M out.
No happy ending. Just a bitter lesson and a sad tweet.