Hyperliquid Halts Deposits and Withdrawals Amid POPCAT Liquidation Saga
Decentralized exchange Hyperliquid temporarily halted deposits and withdrawals on Wednesday following reports that a trader attempted to influence the price of the memecoin POPCAT. The situation led to widespread liquidations, significant losses for its Hyperliquidity Provider, and renewed market unease. Conor Grogan, a former executive with Coinbase, confirmed that Hyperliquid’s bridge halted withdrawals for more than
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