Hyperliquid news

Hyperliquid will release a cliff‑unlocked 9.92 million HYPE tokens (2.66 % of supply) worth roughly $314 million on Saturday, drawing sharp community focus on the DEX’s tokenomics. Some holders, notably X user Andy, have urged the team to explain the sale plans before the unlock, citing past market volatility. BitMEX co‑founder Arthur Hayes warned that the event will introduce unavoidable sell pressure, noting that insider promises cannot guarantee restraint. Despite the broader crypto slump, Hyperliquid’s November trading volume stayed strong at $259 billion, placing it third among the top four perpetual DEXs, while the overall market saw daily volumes between $28 billion and $60 billion.

Anchorage Digital now offers HYPE staking on HyperCORE through a partnership with Figment, adding to its existing custody on HyperEVM and wallet Porto. Staking is available via Anchorage Digital Bank, its Singapore branch, and self‑custody. The move expands access to Hyperliquid’s DeFi ecosystem and supports other HyperEVM tokens like Kinetiq, following earlier ties with Mezo and reflecting a trend of institutional platforms embracing DeFi and staking services.

Hyperliquid unveiled HIP-3 growth mode, letting permissionless deployers launch new markets with taker fees slashed 90% to as low as 0.0045-0.009%, dropping from the standard 0.045%. The upgrade requires deployers to set a fee scale, prohibits overlap with existing perpetuals, and locks markets for 30 days; the aim is to deepen liquidity and broaden the platform’s asset range.

The wallet provider is deepening its bet on decentralized derivatives trading with a three-part integration.

A merger to form a Hyperliquid digital asset treasury with aspirations of raising $1 billion will take at least another two weeks to complete.

On November 12, a trader used 19 wallets to move $3 million USDC to Hyperliquid and opened long positions on POPCAT, totalling ≈$26‑$30 million. A fake $20 million buy wall at $0.21 then vanished, causing a price collapse and mass liquidations that wiped Hyperliquid’s liquidity provider $4.9 million. The incident, dubbed a potential stress test of Hyperliquid’s automated liquidity system, followed two prior platform crashes this year. Analysts urge tighter leverage limits and real‑time monitoring, as the event highlighted weaknesses in high‑leverage meme‑token markets.

A coordinated attack on the Hyperliquid protocol erased nearly $5 million from its Hyperliquidity Provider vault. An unknown trader withdrew $3 million USDC, placed an artificial $20 million buy wall around $0.21 to inflate the POPCAT price, then cancelled the orders. The sudden collapse wiped out price support, triggering liquidations of highly leveraged positions and a $4.9 million loss for the vault. The attacker’s own $3 million capital was also lost, suggesting the goal was structural damage rather than profit. Hyperliquid temporarily suspended withdrawals via a vote‑emergency lock, resuming them after about an hour. Community members dubbed the move a costly experiment, a performance‑art piece, or a reminder that perp markets without robust liquidity buffers are vulnerable.

Hyperliquid, a decentralized derivatives platform, lost $4.9 million after an alleged POPCAT token manipulation. An attacker moved $3 million USDC from OKX into 19 wallets, built a leveraged long position worth $20–$30 million, then placed a $20 million buy order at $0.21 to inflate price. When the inflated price collapsed, rapid liquidations wiped out the attacker’s collateral and triggered a chain reaction that forced Hyperliquid’s liquidity vault (HLP) to absorb the remaining losses, deepening the exchange’s bad‑debt exposure. Participants called the episode “peak degen warfare.”

Hyperliquid temporarily suspended Arbitrum bridge deposits and withdrawals after a series of suspected malicious Popcat trades triggered a loss of nearly $5 million in its community‑owned vault. The exchange said the pause was to prevent further impact while it investigated the activity. The loss stemmed from a trader using 19 wallets to take $20 million of long positions on Popcat, a Solana‑based meme coin. When the token fell, the positions were liquidated, forcing the vault to intervene and covering the resulting margin shortfall. Hyperliquid’s admins confirmed that withdrawals were processing normally again after a couple of hours and that the Arbitrum bridge was the only affected component. The incident has raised questions about the platform’s decentralization and prompted criticism following a recent delisting of the meme coin JELLY.

An onchain analyst speculated Hyperliquid paused transactions after a trader tried to prop up the price of memecoin POPCAT.