[Suspected Use of POPCAT Trading to Disrupt Hyperliquid] MLM posted on the X platform stating that approximately 13 hours ago, someone withdrew 3 million USDC from an exchange and distributed it across 19 wallets. Around 14:45 Central European Time, this individual went long on approximately $20 million worth of POPCAT at a price of $0.21. The combined long positions across the 19 wallets grew to approximately $30 million. Subsequently, the individual removed buy orders worth up to eight figures, causing liquidation of $20 million to $30 million worth of POPCAT long positions within seconds, which were then taken over by Hyperliquid. The price of POPCAT further declined, resulting in Hyperliquid incurring a loss of approximately $4.9 million and manually closing the position. MLM believes this action was a deliberate attempt to disrupt Hyperliquid.