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Hyperliquid $SKHX Flash Crashes 17.9%, 4-Hour Liquidations Surpass Binance

2026.07.28 - 01:53
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TechFlow 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.

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