Hyperliquid $SKHX Flash Crashes 17.9%, 4-Hour Liquidations Surpass Binance
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Hyperliquid $SKHX Flash Crashes 17.9%, 4-Hour Liquidations Surpass Binance
According to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), on the morning of July 28, $SKHX experienced a flash crash on Hyperliquid, with the 4-hour liquidation amount exceeding Binance. The cause was an anomalous order in pre-market trading of SK Hynix on NXT at 7 am (1 share traded at 1,272,000 KRW, approximately 867 USD). Due to low liquidity, the stock price fell by up to 30% and triggered a trading halt. The Hyperliquid price plummeted following the Oracle, and the Binance price also dropped simultaneously due to arbitrage.
Navigating Web3 tides with focused insightsTechFlow news, July 28. According to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), early morning of July 28, $SKHX experienced a flash crash on Hyperliquid, with 4-hour liquidation volume surpassing Binance. The cause was an abnormal order in pre-market trading of SK Hynix on NXT at 7 am (1 share traded at 1,272,000 KRW, approximately 867 USD). Due to poor liquidity, the stock price dropped by up to 30% and triggered a trading halt. Hyperliquid price plummeted following the Oracle, and Binance price also fell simultaneously due to arbitrage.
