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.
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 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.
POPCAT experienced anomalous price action traced to an aggressive trader on Hyperliquid who appears to have pushed the token price to inflict liquidity losses. On-chain observers flagged repeated large directional trades and order-book pressure as the cause of the move.
Hyperliquid paused deposits and withdrawals after a trader's attempt to manipulate memecoin POPCAT triggered major liquidations and significant losses for its liquidity provider.
Hyperliquid paused deposits and withdrawals after an onchain analyst speculated a trader tried to prop up memecoin POPCAT. The interruption has left users unable to move funds and raised questions about market manipulation and exchange risk.