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Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million

Crypto CoinDesk By Oliver Knight 28 May 2026 17:28 1 min read
Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million

A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.

A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.

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