INSIGHT: The past 24 hours witnessed $575.31 million in liquidations.
Over 79% of all liquidations were longs.
$HYPE | The largest single liquidation of $POPCAT worth $21.29 million happened on @HyperliquidX.
This has been identified by @lookonchain as a potential manipulation to attack @HyperliquidX, causing losses worth $4.9 million for the Hyperliquidity Provider (HLP).
$3 million was spread across 19 wallets and deposited to @HyperliquidX to open $26.28 million in $POPCAT longs.
The attacker then placed a buywall of orders worth $20 million to fake demand. They were later cancelled, causing a liquidity collapse and mass liquidations.
16.9K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.