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MLM: Suspected that someone is using the trading of POPCAT to deliberately interfere with Hyperliquid.
According to CoinWorld news, MLM posted on the X platform that about 13 hours ago, someone withdrew 3 million USDC from the exchange and spread it across 19 wallets. Around 14:45 Central European Time, they began to go long on millions worth of POPCAT, placing a buy order of approximately 20 million dollars at a price of 0.21 dollars. The total long positions in the 19 wallets rose to about 30 million dollars. When they removed buy orders of up to 8 digits, they were liquidated in just a few seconds for long positions of POPCAT worth 20 million to 30 million dollars, leading Hyperliquid to take over the position. Subsequently, POPCAT further fell, causing Hyperliquid to incur losses of about 4.9 million dollars. Hyperliquid then manually closed the position, which clearly indicates that someone intentionally interfered with Hyperliquid, as no one would lose 3 million dollars in just a few seconds due to stupidity or carelessness.