SK Hynix Perpetual Contract Drops 18% After Price Anomaly in South Korea's NXT Market

A Hyperliquid perpetual contract tied to SK Hynix suffered an unexpected price drop of 17.9% due to a pre-market trade anomaly in South Korea's NXT market.

The unusual transaction incorrectly priced a single SK Hynix share at KRW 1.272 million, triggering a trading halt in the underlying market and causing the Hyperliquid contract to follow suit through its oracle.

However, the price drop was short-lived, as the contract rapidly recovered alongside Binance and other markets.