coin-img-ETHETH+0.36%coin-img-BTCBTC-2.93%coin-img-SOLSOL+0.18%coin-img-XRPXRP-0.15%coin-img-SUISUI-1.91%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+5.15%coin-img-ADAADA-1.13%coin-img-ETHETH+0.36%coin-img-BTCBTC-2.93%coin-img-SOLSOL+0.18%coin-img-XRPXRP-0.15%coin-img-SUISUI-1.91%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+5.15%coin-img-ADAADA-1.13%coin-img-ETHETH+0.36%coin-img-BTCBTC-2.93%coin-img-SOLSOL+0.18%coin-img-XRPXRP-0.15%coin-img-SUISUI-1.91%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+5.15%coin-img-ADAADA-1.13%coin-img-ETHETH+0.36%coin-img-BTCBTC-2.93%coin-img-SOLSOL+0.18%coin-img-XRPXRP-0.15%coin-img-SUISUI-1.91%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+5.15%coin-img-ADAADA-1.13%
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Charles Thuo

Hyperliquid absorbs $5M loss from POPCAT market manipulation, HYPE trades under pressure

Hyperliquid's liquidity provider system absorbed approximately $5 million in losses following coordinated POPCAT token manipulation on November 12. The attack involved leveraged positions across multiple wallets that artificially inflated prices before triggering mass liquidations. HYPE token currently trades at $38.09, below key moving averages, while futures Open Interest has declined to $1.56 billion.
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