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Someone just manipulated $POPCAT to attack #Hyperliquid

CN
Lookonchain
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4 months ago
AI summarizes in 5 seconds.

Someone just manipulated $POPCAT to attack #Hyperliquid, burning through $3M of their own funds — and causing $4.9M in losses for the Hyperliquidity Provider (HLP).

The attacker withdrew 3M $USDC from #OKX yesterday, split it across 19 wallets, and deposited it into #Hyperliquid to open 125.14M $HYPE($26.28M) longs.

The attacker then placed a ~$20M buy wall near $0.21, creating the illusion of strong demand — only to cancel the orders, triggering a liquidity collapse that led to mass liquidations.

HLP absorbed the positions and lost around $4.9M, while the attacker's entire $3M stake was wiped out.


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