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.
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