ZRO slides to $1.4 after Kelp DAO bridge exploit; whale hit with $2.88M liquidation loss

Onchain analyst Onchain Lens (@OnchainLens) reported that Kelp DAO suffered about $294 million in losses after a crosschain bridge exploit. The sell-off pushed $ZRO down to $1.4 from $2. A whale with a leveraged long in $ZRO on HyperLiquid was partially liquidated, realizing a $2.88 million loss. The position remains open, with unrealized losses above $750,000 and cumulative losses estimated at roughly $28.98 million.