SK Hynix Perpetual Contract Plunges 17.9% Amid Price Anomaly

Hyperliquid's SK Hynix perpetual contract experienced a 17.9% intraday decline on July 28 after an unusual pre-market trade in South Korea's NXT market caused a price anomaly.

The anomalous trade involved only one share of SK Hynix and priced it at KRW 1.272 million, which is 29.96% below the previous close of 1.816 million won.

Trade.xyz, the deployer of the contract under Hyperliquid's HIP-3 framework, is investigating the incident and plans to publish an update after reaching a conclusion.