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A roughly $400 million South Korean equity-linked perpetuals market on Hyperliquid suffered a brutal two-minute flash crash, with open interest collapsing 20.29% as Trade.xyz investigated the price inputs submitted to HyperCore. The incident is a market-structure event rather than a spot-price story: faulty or manipulated oracle feeds on synthetic equity perps can trigger cascading liquidations, raising counterparty and platform-risk concerns for Hyperliquid and its HYPE token. Watch Trade.xyz's post-mortem on the HyperCore price inputs and whether affected traders are compensated, since a manipulation finding would deepen regulatory and confidence overhang on off-shore tokenized equity markets.
As a Crypto signal, watch whether it changes price action, volatility, or flows around HYPE.
Original Source: CryptoSlate
This page is market information analysis, not investment advice.
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