POPCAT Flash Crash on Hyperliquid Sparks $4.9 Million Manipulation Allegations
An nameless dealer burned via $3 million in minutes on Hyperliquid after faking a $20 million purchase wall on POPCAT. The transfer triggered a cascade of liquidations, leading to a $4.9 million loss for the platform’s liquidity supplier. Analysts now suspect a coordinated “stress check” of Hyperliquid’s system. $30 Million Long Positions Create Chaos The…
