The Hyperliquid platform experienced a sudden and extreme price drop for SK Hynix perpetual futures, plummeting 20% in just one minute to $900.
This drastic decrease was followed by an equally rapid rebound, with prices shooting back up above $1,000 and eventually stabilizing near $1,092.
Trade.xyz has announced that it will reimburse users who incurred losses due to this external price print event.
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