$73.62M liquidations on TRB, $2M lost on SNX protocol

As a result of yesterday's market maker cul-de-sac - the token managed to go the following way:

315$ -> 232$ -> 629$ -> 121$ -> 190$

$28.14M was liquidated longs.
$45.48M shorts were liquidated.

SNX suffered a loss of $2M due to the fact that the initial limit on the size of the open interest was $250K, but due to the fifty-fold growth of the token - this volume in dollar terms increased to $12.5M.



Some trader successfully shorted the token off the top and was able to cause a $2M loss to SNX stakers.

The SNX Protocol Founder also pointed out that this outcome is not critical, as SNX Stakers have collectively earned over $20M for the year.

And he also believes that there should be more flexibility in changing the parameters of the open interest restriction not only in terms of dollar value, but also in terms of the nominal value of the token.