POPCAT Flash Crash on Hyperliquid Sparks $4.9 Million Manipulation Allegations

An anonymous trader burned through $3 million in minutes on Hyperliquid after faking a $20 million buy wall on POPCAT. The move triggered a cascade of liquidations, resulting in a $4. 9 million loss for the platform’s liquidity provider. Analysts now suspect a coordinated “stress test” of Hyperliquid’s system source: https://beincrypto.com/popcat-hyperliquid-crash-manipulation/