Perpetuals tied to SK Hynix hit by flash crash to $900 on Hyperliquid
CoinDesk·
60-second summary
Perpetual futures tied to SK Hynix's American depositary receipts experience a flash crash to $900 on Hyperliquid, plummeting 20% in one minute. The sudden drop is swiftly reversed, with prices rebounding above $1,000. This volatile price swing underscores the high liquidity and volatility of perpetual futures markets, particularly in response to significant market events or news.
Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000.