Sonic Labs Co-founder: Dislikes the behavior of exploiting the Hyperliquid mechanism, leverage should not be set as a fixed value

ChainCatcher message, regarding a certain address today imitating the previous whale operation on Hyperliquid with 50x leverage, dumping 398 million JELLY short positions onto Hyperliquid, causing the Hyperliquid treasury to face liquidation and losses. Sonic Labs co-founder Andre Cronje posted on the X platform stating: "I hate this practice (exploiting Hyperliquid mechanisms). Position size should not be a fixed function of leverage, but should depend on available liquidity and actual volatility. For example, small positions can have 1000x leverage, while large positions can have 1.2x leverage. In the DeFi space, leverage cannot be set as a fixed value."