SpaceX-USDH perpetual contract flash crash 45%, 405 users liquidated
On May 28 at around 23:00, the SPACEX-USDH perpetual contract on the Hyperliquid platform suddenly crashed, dropping to $1,254 within 30 minutes, a decline of nearly 45%. It then partially rebounded to about $2,169. According to Hyperliquid data, the crash led to 1,393 forced liquidations across 405 users, with notional losses totaling $1.51 million. Confirmed data on the crash-triggering mechanism Hyperliquid data shows that at the time of the event, a single large sell order exhausted almost a
ETH3.94%
Bisc·05-29 01:32
