DeFiBearishCoinDesk · 4h ago6/10
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Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million
A SpaceX-related cryptocurrency token on Hyperliquid experienced a 45% flash crash within 30 minutes, triggering $1.5 million in liquidations across retail traders. The event highlights critical liquidity vulnerabilities in derivative platforms where insufficient market depth cannot absorb large sell orders.
