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via CoinDesk · By CoinDesk Staff
Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million
HYPE
HYPE/USDT
$57.232
+1.60%
$57.232
+1.60%
(24s)24h Volume
$237,820,636.06
24h H/L
$57.61 / $56.31
Change: $1.30 (2.31%)
Funding Rate
+0.0039%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(05:28 PM UTC)
1 min read
A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.
Hyperliquid's SPACEX-USDH perpetual contract suffered a violent flash crash on Thursday afternoon, plunging from an open of $2,277 to a low of $1,254, a near-45% collapse, within a single 30-minute window before partially recovering to around…
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