Hyperliquid's Popcat Crisis: Meme Coin, Liquidations, and Delistings
Update: 2025-11-12
Description
On November twelfth, Hyperliquid, a decentralized exchange, faced a temporary disruption due to unusual trading activity involving Popcat, a meme coin. The exchanges community-owned vault lost four point nine million dollars due to liquidations, potentially orchestrated by an individual named MLM. Hyperliquid also delisted another Solana-based meme coin, JELLYJELLY, sparking debate about its decentralization. An EmergencyLock function was triggered on the Arbitrum network, and Popcats value is down ninety-one percent over the past year.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
