Analysts link BTX Capital to a coordinated trading setup on Hyperliquid that jolted POPCAT prices; on-chain patterns suggest manipulation. The episode raises fresh questions about market surveillance and liquidity risk for small tokens.
Arkham Intelligence reported abnormal on-chain trading before POPCAT's sharp drop and says roughly $5M of bad debt was pushed to Hyperliquid's Hyperliquidity Provider (HLP). The findings raise manipulation and liquidity-provider risk concerns for the decentralized perpetuals platform.
An alleged market manipulation on Hyperliquid saw an anonymous trader fake a $20M buy wall and spend roughly $3M in minutes, triggering a POPCAT flash crash and about $4.9M in suspicious flows, community observers say.
Hyperliquid reportedly suffered a $4.9 million loss after a whale-driven manipulation of the POPCAT memecoin triggered liquidations in the platform's liquidity pool. The event underscores memecoin volatility risks for HYPE liquidity providers.
POPCAT fell about 43% after a roughly $30 million manipulation on Hyperliquid, according to DeFi researcher Hanzo. An unknown trader executed a coordinated strategy roughly 13 hours before the market disruption.
POPCAT crashed today after roughly $30 million of aggressive trades on Hyperliquid led to cascading liquidations of leveraged positions, sending the memecoin sharply lower. The event highlights leverage risks on Solana trading venues and has spiked short-term volatility for SOL and related tokens.
POPCAT plunged about 25% after a single trader’s $3M leveraged bet triggered roughly $30M in liquidations on Hyperliquid, rattling DeFi markets on Nov. 13. The episode underscores ongoing leverage and manipulation risks on high-leverage platforms.
POPCAT rallied roughly 14% in a short-term recovery, but the move lacks clear confirmation as trading volume and broader market support remain muted. Traders are watching for sustained follow-through above key resistance or a quick retracement.
Decentralized derivatives platform Hyperliquid lost $4.9 million after an alleged manipulation of the POPCAT token, according to blockchain sleuth Lookonchain. The on-chain analysis points to coordinated activity that triggered cascading liquidations.
Hyperliquid suspended withdrawals after an alleged $5 million price manipulation on POPCAT inflicted heavy losses on its liquidity provider, forcing a pause on customer outflows. The platform says it is investigating while users face restricted access to funds.