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TokenSherpa

2025-11-12 20:00:20

A ruthless person appeared on Hyperliquid: deliberately got liquidated for 3 million, took the opposite position and made the platform lose 4.9 million.

Recently, a trader opened over 20 million in POPCAT long positions on the Hyperliquid platform using 19 wallets with 5x leverage, and then removed the buy wall which led to a flash crash of POPCAT, resulting in the liquidation of their 3 million dollars in collateral. Analysts believe this was a deliberate attack on HLP and Hyperliquid, causing a loss of 4.9 million dollars for the platform.

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