Synthetic assets are all about adrenaline; SpaceX's pre-IPO contract was cut in half within half an hour, and a data source failure directly buried 2,830 people. Can HyperLiquid's compensation cover the $1.58 million margin hole?

CryptoWorld reports that the SpaceX-related pre-IPO perpetual contracts on HyperLiquid collapsed, with SpaceX-USDH dropping about 45% within 30 minutes, resulting in approximately $1.5 million in liquidations; HypeCoin approached $62 on May 29, up 8% in 24 hours. The price fell from 2,277 to 1,254 before rebounding to $2,169. In 24 hours, 2,830 traders were liquidated, with nominal positions of $25.27 million and margin losses of $1.58 million. Both open interest and daily trading volume are relatively low, indicating risk in synthetic markets during data volatility. HyperLiquid states that data sources have been fixed and compensation will be provided within 48 hours.