News Explorer — Hyperliquid SpaceX Contracts Plunge 45% in Flash Crash, Prompting Liquidations

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May 28, 5:28 pm

Coindesk

Hyperliquid SpaceX Contracts Plunge 45% in Flash Crash, Prompting Liquidations

Hyperliquid's SPACEX-USDH perpetual contract experienced a drastic flash crash, dropping 45% in value within 30 minutes before partially recovering. The crash liquidated 405 users and wiped $1.51 million in notional value, revealing a lack of depth and liquidity in the market.

Hyperliquid's SPACEX-USDH perpetual contract experienced a drastic flash crash, dropping 45% in value within 30 minutes before partially recovering. The crash liquidated 405 users and wiped $1.51 million in notional value, revealing a lack of depth and liquidity in the market.

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