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 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.
Solana memecoin Popcat saw trading volume spike 500% after market manipulation allegations on Hyperliquid DEX, triggering roughly $63 million in liquidations. The event highlights risks around leveraged trading and DEX safeguards within the Solana ecosystem.
Hyperliquid temporarily paused a subset of withdrawals via its “EmergencyLock” function after a Popcat trader drew internal scrutiny. The exchange says the move is a targeted, risk-management action and urges users to monitor official channels.
Popcat (POPCAT) jumped roughly 40% intraday before reversing and plunging nearly 50% to $0.138 after a failed breakout above $0.21 that sparked heavy profit‑taking.